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Guatemala, a country to live

With beautiful sceneries, high cultural diversity, abundant historical and cultural attractions, a highly developed capital city, Guatemala is definitely a unique country to live in. It has been ranked as one of the 10 happiest and most positive countries in the world.

Political and Financial Situation

Guatemala is an economically thriving country. Being the largest economy in Central America, it has a wide diversity of destinations and products. In addition, macroeconomic stability is widely recognized; has a low and controlled inflation, exchange rate stability and one of the lowest external debts in Latin America. Download document Guatemala in figures:

Guatemala's Climates

Guatemala, the country of the Eternal Spring, is a country with an exceptional climate. With an average temperature of 21°C (70°F) throughout the year and more than 360 microclimates along its 108,889 km² (42,042 mi²), the climate allows for a variety of activities which makes it a unique country.

Investments in Latin America

Latin America is a region of great economic importance and very attractive for foreign investment, representing 13.5% of total direct foreign investment worldwide, according to UNCTAD. To strengthen trade and foreign investment in the region, the Interamerican Development Bank created ConnectAmericas, a social network for promoting business and investment in the region. See more at:

How to open a business in Guatemala

To operate in Guatemala, every investor should register their company in the Commercial Register. The process takes from 12 to 19 days. The easiest and fastest way to do this is through a web portal designed to make all of your arrangements online and communicate directly with the institutions involved in the opening process.

Tourism in Guatemala

More than a journey, Guatemala is full of life lessons. It has 42,042 square miles of immense diversity: Colonial Cities, Mayan Ruins, Caribbean Coast, Pacific Ocean, Volcanoes, Lakes, Tropical Rainforest, spaces to practice extreme sports, and a highly developed city . However, the country offers more than this: leaving life lessons to every visitor.

“For one of our main clients, Allied Global’s operations in Guatemala represent its second major call center service provider” -Germán López, Chief Strategy Officer. Allied Global
“Guatemala represented a unique and attractive business model. A challenge was visualized in Guatemala. We ran the risk and it worked” -Lic Juan Martínes Venegas, General Manager Marhnos Guatemala
EGS
"Guatemala is our main emerging market in Latin America. All of our clients are pleased to do business in Guatemala - José J. Urizar, EGS Operations VP in Guatemala
“In Guatemala, the tax incentives to establish a new business are attractive, the business environment is positive and optimistic, and the workforce is excellent” -Federico Medinilla, CEO Xerox Guatemala
29 June, 2017 08:06:09
Guatemala,
Mining
Guatemala has important metal deposits including gold, silver, and nickel.
#Mining
Development
Mining in Guatemala actively supports the development of the country, bringing in more than $ 7 million each year in royalties and taxes to the State and developing activities to support communities.
#Mining
Variety
Guatemala is one of the 4 countries in the world where a variety of jade is found from jadeite.
#Mining
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Mining

Mining

Guatemala has unique resources for investments in mining and strong support of a stable legal framework focused on the dynamic nature of the competition. The geographical location of Guatemala allows for the export of products and supply of minerals to major markets worldwide. The country has trained workers for the development of the mining industry.
WHAT DOES GUATEMALA OFFER?
  • Mine output reached US $993.9 million in 2013, a record for domestic mining .
  • Mine production has increased by over 10,000% between 2004 and 2013 (Source: Ministry of Energy and Mines).
  • More than $3.8 billon in investments are expected to be made in the period of 2013-2015. (Source: of Energy and Mines and Invest in Guatemala))
  • In January 2014, The Ministry of Energy and Mines issued a total of 359 mining licenses for exploration and exploitation (Source: Ministry of Energy and Mines)
  • There was a total of over $187 million in silver in 2013 (Source: Ministry of Energy and Mines)
  • There was a total of more than $280 million in gold in 2013 (Source : Ministry of Energy and Mines.
  • Guatemala is one of the 4 countries in the world where jade jadeite can be found with some of the most unique jade deposits in the world (Source: Century XXI)
  • Guatemala has the largest gold, silver, and nickel deposits in the Latin American region (Source: Ministry of Energy and Mines)
  • Mining in Guatemala actively supports the development of the country, bringing in more than $ 7 million each year in royalties and taxes to the State and developing activities to support communities (Source: Ministry of Energy and Mines) . 

Mineral Deposits in Guatemala

  • LEAD (Pb) and ZINC (Zn): Found in the Western, Eastern, and Northern region. The majority of these deposits have not yet been extracted and those that have been contain an average of 12% lead and 30% zinc and have produced concentrations of between 36-62% of lead.
  • GOLD (Au) and SILVER (Ag): There are major silver deposits in mining districts located near the border with Mexico. The Eastern region of  Guatemala has important gold deposits with small quantities of silver in quartz veins. In the North, there are gold and silver deposits currently exploited with an average of 10 ounces/ton of silver that produce concentrations of between 10-20 ounces/ton of silver.
  • COPPER (Cu): The main copper deposits are located in the Western, Northern, and Eastern regions.
  • TITANIUM (Ti) and MAGNETITE (Made up of Fe3O4):  There are large volumes of these materials in the Litoral Zone of the Pacific as well as large volumes of rich Titanium and Magnetite sand.
  • NICKEL (Ni) and COBALT (Co): Main nickel and cobalt deposits are found located in the Northern region, especially in the departments of Alta and Baja Verapaz and Izabal. In these areas, up to 90 million potential tons have been evaluated with between 1.25-1.5% of nickel and between 0.04-0.05% of cobalt
  • IRON (FE): Mayor iron oxide deposits can be found mainly in the Eastern region of Guatemala. In departments bordering Honduras, there are zones used to supply the cement industry for both Guatemala and El Salvador.
  • ANTIMON (Sb) and TUNGSTEN (Wo): The main deposits of these minerals can be located in the Western zone of Guatemala. Currently these resources are already being exploited, obtaining a mineral concentration of 60% Antimony and with a degree of up to 8% Tungsten.

(Source: Invest in Guatemala)

AttachmentSize
Mining557.92 KB
Mine production of
$993.9
million a record number for Guatemala.
More than
350
exploration and exploitation licenses issued
Increased of more than
10,000%
in production since 2004
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MINING NUMBERS
GUATEMALA HAS
Major developing mining projects

Guatemala has major deposits of gold, nickel and lightweight materials (some of the largest in all of Latin America). In total, there are investments estimated for over $3,800 million in these projects, mostly by multinational companies such as Goldcorp, Tahoe Resources and Solway Group; and other national companies such as Cementos Progreso.

#INVESTINMINING

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