EITI Status Meaningful progress
Joined EITI in 2013
Latest Data From 2014
Last updated 28 February 2019


Honduras's extractive sector is small, but there has been interest in expanding mining investments and in developing the hydrocarbon sector. 

In 2016, the mining sector contributed 1% to the GDP (369 million Lempiras or USD 15.6 million) and made up 5% of the country’s exports (statistics from Central Bank of Honduras). 

Between 2015 and 2016, the main commodities exported in Honduras were gold and silver  adding to a 66% of the total, followed by zinc and lead that add up to 19%. 

Informal mining activities are estimated to be three to four times larger than those of the commercial mining sector.

Development prospects in the extractive sector are uncertain. Low commodity prices, increased operation costs and a lack of social license weakens sustainability chances of junior mining companies exploiting gold, iron oxide, lead, silver and zinc. Currently, the main mine in production is "Mochito zinc, lead and silver mine" operated by American Pacific Honduras. The following Honduras's minerals map shows how gold and polymetallics are abundant in the country. 

Plans for expanding the informal mining sector are delayed due to the failure to secure an operator for the proposed 200-hectarea artisanal mining park.

Extractive industries contribution

  • 1 %
    to GDP
  • 4 %
    to exports
  • 6 500
  • 0,8 %
    to government revenue

Beneficial ownership disclosure

Honduras sought beneficial ownership information from four mining companies operating in the country. Two of them provided information about their legal owners, noting that information about beneficial owners was not obtainable as the mother companies were registered in foreign jurisdictions. The report on beneficial ownership confirmed that Honduran legal framework does not require the identification of beneficial owners and does not allow mandatory declaration of personal information. 

However, Honduras produced a beneficial ownership roadmap to be carried out from 2017 to 2019 which considers the institutional structure to reveal beneficial ownership, definition and level of details to reveal, among other factors. 


Honduras, through INHGEOMIN, is working to strengthen the monitoring of production data. Mining companies report production amounts in their annual declaration (DAC) to INHGEOMIN.  The 2014 EITI Report reveals that Honduras exports 100% of its metallic mining.  

Natural resources

CompanyCommodityProduction amountProduction value USD
Eurocantera S.A de C.VGold71,94 Kg2 052 514
Five Star Mining S.A de C.VIron Oxide515 800 TM23 827 992
Company Minera Clavo Rico S.A. de C.VGold2 162,27 Kg2 791 158
Company Minera Clavo Rico S.A. de C.VSilver3 163,05 Kg
Minerales de Occidente S.A de C.V Gold2 578,26 Kg110 077 651
Minerales de Occidente S.A de C.V Silver460,32 Kg
American Pacific Honduras S.A de C.VSilver and lead concentrate25 253,9 TM97 602 797
American Pacific Honduras S.A de C.VSilver and zinc concentrate51 921,52 TM
Agregados del Caribe S.A de C.VQuarries980 449,885 TM8 986 146

Revenue collection

Initializing chart.

Policy recommendations and reforms

  • EITI Report urges better tax collection

The report also identifies a revenue flow, that while mandated in the 2013 Mining law, has not been collected. The Coalianza is a government-led initiative to partner with the private sector in channelling funding to big infrastructure projects.  The 2013 Mining Law established a contribution of 1% of the value of sales or exports of metallic mineral companies to Coalianza. However, the 2014 EITI Report finds that the government had yet to collect this revenue. The report urges the government to establish which collecting agency will be responsible for this tax and the collection procedures.

  • Improving production monitoring system

The Independent Administrator for Honduras 2014 EITI Report recommends mandating reporting production information for all companies in Honduras.

exporting companies have the obligation to report mineral production. Moreover, production data is based on exporting companies’ self-declarations. The report recommends that Honduras makes mandatory to all producing companies to report their production volumes. In addition, INHGEOMIN could establish a monitoring mechanism to ensure data production is verifiable.


Honduras has now gotten quality licensing data.

Honduras 2014 EITI Report documents how the EITI has contributed to stregthen government systems. The Honduran Institute for Geology and Mines (INHGEOMIN), created on 2013, is legally mandated to manage the mining sector in accordance to EITI transparency principles.  EITI reporting deadlines put pressure on INHGEOMIN to clean up the mining license register.The register went from a single database that merged active, expired, awarded and revoked mining rights along with other administrative data, to a system that produced clearer, categorised and complete data.


The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.

  • Honduras completed a report on beneficial ownership disclosures in October 2015. The report reveals the beneficial owners from companies that voluntarily agreed to have these details published. The report includes disclosure on legal ownership of companies which parent companies are publicly listed. The report included a legal review concluding that Honduran legal framework does not require the identification of beneficial owners and does not allow mandatory declaration of personal information.


The latest EITI Report produced by Honduras covered the years 2015-2016. The first Validation started on 25 October 2017, in which the EITI Board announced the country had reached "meaningful progress". 

Honduras produced the country's first EITI Report for fiscal years 2012 and 2013 in May 2015. In accordance with the EITI Standard, Honduras concilates payments done by 6 metallic mining companies with the receipts collected by central government and municipalities. The Report also includes a confirmation of the payment of US$ 300 000 made by BG International Limited, Sucursal Honduras for the concept of canon with the receipts of the Secretary of Natural Resources and Environment (SERNA).

Honduras' second EITI Report, covering 2014, was published in September 2016. The Report provides payments data from the seven companies that account for 89% of the mineral exports and from one hydrocarbon company. According to the report, Honduras received USD 14.5 million in revenues from the mining sector. This EITI Report makes available for the first time clear and concise information about mining licenses, which complements data available in the transparency portal of the mining regulator INHGEOMIN. 

Honduras became candidate on 22 May 2013. See Honduras' candidature application for more details. Honduras is now going through a second validation on 25 April 2019.  

Timeline of Honduras' implementation (click on image to enlarge):


Honduras Timeline


Dr. Carlos López Contreras is the High Comissioner and Chair of the EITI-Honduras National Council. According to the Decree PCM-044-2012, establishing  the EITI-Honduras MSG, the distribution of seats is as follows:


State Secretary of Enery, Natural Resources, Environment and Mining (SERNA)
Honduran Institute of Geology and Mining (INHGEOMIN)
State Secretary of Finances
Institute for Access to Public Information (IAIP)
Asociation of Honduran Municipalities (AMHON)

Private sector

Honduran National Association of Metallic Mining (ANAMIMH)
National Industrial Association (ANDI)
National Federation of Trade and Commerce (FEDECAMARA)
Honduran Counsil of Private Companies (COHEP)

Civil society

National Anticorruption Counsil (CNA)
Alt. Foro Nacional de Convergencia (FONAC)

Federeation of Non-governmental Organizations for the Development (FOPRIDEH)
Alt. Foundation Democracy without Borders (FDsF)

Universidad Jose Cecilio del Valle (UJCV)
Alt. Universidad Nacional Autonoma de Honduras (UHAN)

CARITAS Honduras



The country was admitted as EITI candidate in 2013.

Honduras' Validation against the 2016 Standard commenced on 1 January 2017. Honduras was found to have achieved meaningful progress in implementing the EITI Standard in October 2017.

Honduras' second Validation will commence on 25 April 2019. 

Honduras progress by requirement

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