El Mochito Optimization (DFC-ELMOCHITO)

  • Honduras
Geographic location where the impacts of the investment may be experienced.
Specific Location
Las Vegas Municipality, Santa Barbara Department
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
American Pacific Honduras S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 24, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Project involves the optimization and expansion of the El Mochito mine, a 70-year old lead, zinc and silver concentrate mine located near the Municipality of Las Vegas, approximately 88 km southwest of the City of San Pedro Sula, Honduras, Central America. The mining concession for El Mochito encompasses 11,000 hectares in the La Soledad watershed east of the Santa Barbara National Park. The active mine footprint is 200 hectares (approximately 1.8% of the concession). The main infrastructure consists of a shaft-accessed underground mine and a processing plant that produces separate zinc and lead concentrates. Silver, a by-product of the lead and zinc concentrate is sold as percent silver concentrate and not standalone refined silver. Mineralized material is mined by trackless and conventional underground mining methods, transported, partially crushed underground and then hoisted to the surface by a vertical shaft. Over the years, three tailings facilities have been used, two of which have been retired. The remaining active tailings facility has sufficient storage capacity for several future years. Concentrates are trucked daily to Puerto Cortés located 35 km north of San Pedro Sula on the Gulf of Honduras and shipped by ocean freighters once sufficient material has been stockpiled at the port. The Project involves the following elements: 1) installing a new, underground 442-meter rock only hoisting shaft which will shorted the average underground truck hauling distances by fifty percent, increase hoisting capacity, ventilation, services access and mining capacities; 2) upgrading the underground pumping and water management system that reduces costs by reducing the number of pumps, rationalizing pumping columns, and installing an effective water clarification system which will lead to better pump efficiency; and 3) upgrading the crushing circuit, processing plant, and tailings

Investment Description
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None of the investment information was available at the moment of the snapshot.

Contact Information
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You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability.

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