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Courtesy
El Salvador, known for its cultural and geographic richness, now stands out for a promising mining potential related to its volcanic activity. President Nayib Bukele, through his X account, announced that the country has the potential to become a world leader in gold mining, due to its strategic location in the Pacific Ring of Fire. This region, characterized by its volcanic activity, is recognized for being one of the richest in mineral resources worldwide.
According to Bukele, studies conducted in just 4% of the potential area have identified reserves of 50 million ounces of gold, currently valued at US$131,565 million, a figure equivalent to 380% of El Salvador’s Gross Domestic Product (GDP). In addition, it is estimated that the country’s total potential could exceed US$3 billion, representing more than 8,800% of its GDP. These figures reflect an unprecedented opportunity for the nation’s economic development.
The president stressed that, if this mineral wealth is properly exploited, thousands of quality jobs could be generated, boosting the development of local economies and financing large infrastructure projects throughout the country. This would not only strengthen the salvadoran economy, but also improve the quality of life of its inhabitants, creating a positive impact in multiple sectors.
A crucial point in Bukele’s speech was his commitment to modern and sustainable mining. He stressed the importance of caring for the environment while extracting mineral resources, ensuring that this activity is responsible and benefits present and future generations. This approach seeks to balance economic development with environmental protection, addressing concerns about the potential negative impacts of mining.
The discovery of this mining potential places El Salvador in a strategic position to transform its economy. If managed responsibly and sustainably, this natural wealth can become a tool for the country’s social and economic development. President Bukele closed his message by affirming that this “God-given wealth” can be the engine that drives El Salvador to unprecedented growth.
