Consequences of Sale of Cobre Panama MineThe new owner of the Cobre Panama project has canceled contracts and reduced its workforce, affecting the economy of the Cocle zone.Tuesday, December 3, 2013
The restructuring undertaken by First Quantum in the Cobre Panama project after having bought it from Inmer Mining has affected commercial activity in Cocle. The slowdown in project development, reduction in the payroll of workers and termination of some contracts with local companies have caused many businesses in the area to see falling sales. Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Panama: Agreement Between Mining Companies for $60 millionMay 2014 Petaquilla Minerals has agreed to the sale of 1,483 acres to the Canadian company First Quantum, owner of the Cobre Panama project. Cessation of Mining Operations Affecting CocleJuly 2013 Hotels, car rental agencies, and businesses in general have been affected by the disruption of mining operations in the province of Cocle, Panama, since last April. Panama: Mining Company Revitalizes Cocle EconomyJune 2013 The area is seeing new banks, restaurants, hotels and shopping centers as well as a boom in housing construction and the renovation of transport systems. First Quantum Suspends Cobre Panama Mine ContractsApril 2013 Following the acquisition of Inmet Mining, the former owner of the mega mining project in Panama, First Quantum has suspended construction contracts with SNC-Lavalin, for $120 million.
×
ok |
|