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Gari-News » Is the stability of Nicaragua at risk?
Nov 15, 2004

Mineweb, South Africa

Nicaraguan President Enrique Bolaños, an engineer and businessman, is being pressured to leave office as the nation's leftist Sandinista Front again tries to reassert power in the country in the wake of successful local elections.

Among the mining companies currently mining or conducting exploration in the nation are Glencairn Gold, Radius, RNC Gold, and Meridian Gold.

Nicaragua's federal controller's office has accused Bolaños of failing to explain where the $7 million he used in his 2001 presidential campaign came from. Bolaños says his crusade to clean up Nicaragua's government generated the accusations.

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