Market
First entity to start mining operations in El Salvador post-ban lift by end of 2025?
3
Resolution / Starting Odds
State Government • 25%
State-Controlled Company A • 25%
State-Controlled Company B • 25%
Other • 25%
Official announcements or reports from the government or state-controlled entities
Story
El Salvador to Lift Metals Mining Ban Under President Bukele's Proposal, State to Control Operations
Dec 21, 2024, 09:20 PM
El Salvador is poised to lift its ban on metals mining, with a legislative commission issuing a favorable ruling on a bill proposed by President Nayib Bukele. The bill, set to be considered by the full legislature on Monday, aims to allow the exploration, exploitation, and extraction of metals in the country, overturning a ban that has been in place since 2017. The proposed law also stipulates that the state will be the sole entity authorized to conduct these mining activities, either directly or through state-controlled entities. Environmental groups, universities, and the Catholic Church have expressed opposition to the lifting of the ban, citing potential environmental damage, particularly to water sources like the Rio Lempa.
View original story
Similar markets
Other or no partnership • 25%
American company • 25%
Chinese company • 25%
European company • 25%
Central Region • 25%
Northern Region • 25%
Eastern Region • 25%
Western Region • 25%
Maintain ban • 34%
Modify ban • 33%
Repeal ban • 33%
Ripple • 25%
Other • 25%
Coinbase • 25%
Binance • 25%
Hold gold as reserves • 25%
Other • 25%
Sell gold on the international market • 25%
Convert gold to Bitcoin • 25%