Nicaragua's government said it will return mining company BHMB Mining to its original owners after the operation was confiscated in September 2025. File Photo by Christobal Herrera-Ulashkevich
May 28 (UPI) -- Nicaragua's government said it will return mining company BHMB Mining to its original owners after the operation was confiscated in September 2025 and later transferred to Chinese firms.
The announcement came from Nicaragua's Attorney General's Office and follows what local media and analysts described as efforts by President Daniel Ortega and Vice President Rosario Murillo's government to avoid additional sanctions from the Trump administration.
According to the government, officials reached an agreement with BHMB Inc., a U.S.-British company incorporated in Florida, allowing operations to resume at the BHMB Palacaguina processing plant in northern Nicaragua.
"As a result of a process of dialogue and coordination carried out in an atmosphere of cooperation and mutual respect, an understanding has been reached aimed at the orderly and secure normalization and operational reactivation of the BHMB Palacaguina plant," the government said in a statement.
