Ecobreves – NICARAGUA: Titanium Discovered

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MANAGUA, Feb 2 2004 (IPS) - A layer of chromium and titanium has been found in a Caribbean region of Nicaragua, holding some 200,000 tons, according to the calculations of the National Geological Resources Administration (ADGEO). Titanium is a rare mineral, resistant to high temperatures. It is used in the bodies of spaceships, aircraft engines, missiles, computer components, electrical equipment and dental prostheses. Chromium is also very useful, such is in the manufacture of tools.

“Detailed geological studies must be conducted to determine whether the reserves in Nicaragua can be exploited,” ADGEO director Jorge Prendiz told Tierramérica.

The metallic layer was found 20 km south of the mining city of Siuna, in the autonomous region of Atlántico Norte, as part of an exploratory study begun three years ago, he said.

Also found were gold, silver, iron, magnetite and “a large body” of calcium carbonate, which is used in making cement.