Five Star Mining (FSM) intends to invest US$200m over three years in the Honduran cement and mining industry, according to the country’s Subsecretariat of Environment and Mining.

The company has been granted a mining concession and is currently undertaking a feasibility study to establish a cement company. FSM is currently active in the country via iron oxide extraction at Monte Redondo, Agalteca.

At present, cement demand in the Central American country exceeds 1.5Mta, but is expected to rise by 10 per cent annually.