Honduras: Goldlake invests US$230m in 1.2Mta plant

Italy’s mining company Goldlake will invest US$230m in a new cement plant via its local subsidiary Five Star Mining. The 1.2Mta works in the Agalteca valley will produce sulphate-resistant cement for marine infrastructure projects.

The project is currently applying for operating permits following the submission of feasibility and environmental impacts studies. The start of construction is expected this month.

Cement from the works will be delivered not only within Honduras, but also shipped to Chile, Peru, Colombia, Nicaragua, Panama, Mexico and the US state of California.

The group already produces oil well cement in Canada and ordinary cement in the Dominican Republic.