According to the president of the Union of Extractive Industries, Mario Marroquin, "it sends a mixed message, because a few days ago the Investment Summit 2013 was held, which presented Guatemala as having potential for investment in many sectors, including mining, and now they are saying that licenses will not be granted, what then happens to those interested in the country? ".

Meanwhile, Andres Castillo, president of the Chamber of Industry of Guatemala (CIG), explained that "any investment that complies with the law must be supported regardless of which sector it is in, and those who do not meet the requirements must use the full weight of the law, but to generate a general moratorium on all of them, whether they comply or not, is a measure which goes against the message and effort which has been made to attract more investment. "

If Congress approves the initiative, it would directly affect 62 exploration and production projects with licenses pending in the Ministry of Energy and Mines.

Source: elperiodico.com.gt