Mining & Geology copper mine mining Inmet Mining Corp Metal mining Minera Panamá mines Copper Cobre Panamá Mine mining exploration mining permits Cobre Panama Mergers & Acquisitions environmental impact study mineral resources

Inmet Mining Presents Copper Mine Project to Local Authorities

"Minera Panama", a subsidiary of Canadian corporation Inmet Mining, presented its cooper mining project to the technical council of the province of Colón.

Tuesday, January 26, 2010

The project, dubbed "Panama Cobre", would be located in Coclé del Norte, Donoso district, and would require an investment of $3.5 billion.

Prensa.com reported that "Pedro Ríos, Governor of Colón, told the representatives of the company that these projects worry both authorities and the population, as they can greatly affect the environment. Because of this, he told the company to focus on mitigation measures".

Source: prensa.com.pa

¿Busca soluciones de inteligencia comercial para su empresa?

Goods

Copper

Key entities

Minera Panamá Inmet Mining Corp Pedro Ríos

Insight

mines mining copper mine mining mining permits Mining & Geology

Panamanian Mining Project is "alive and kicking"

April 2011

The support shown by the country's government has given investors confidence and saw the Imnet Mining share price rise.

As reported by Mary Trini Zea for Prensa.com, the visit by the president Ricardo Martinelli suggests that the project in Panama's Colón province managed by its subsidiary, Minera Panama is alive and has the government's backing.

Inmet Mining Merges with Lundin

January 2011

The owner of copper mining project Panama Cobre (Minera Panama SA), Inmet Mining Corp., merged with Lundin Mining Corp.

The new company will be called Symterra and will focus on the exploitation of copper, having potential production of 500.000 tons of copper a year.

Inmet owns mining assets in Spain and Panama, while Lundin has them in Western Europe and Congo.

Panama: Korean Mining Company Will Invest in Copper Project

October 2009

Korean company LS-Nikko could invest up to $260 million in copper mining project "Cobre Panama".

LS-Nikko signed an option agreement with Canadian company Inmet Mining Corp, owner of the project. Under the agreement, LS-Nikko will have the option to acquire between 20% and 30% of the copper mining project "Cobre Panama" (Minera Panama S.A.), depending on how much it invests in it.

"Cobre Panama" Copper Mining Project for 2014

October 2009

Inmet Mining, owner of the copper mining project "Panama Cobre" plans to complete construction in 2014.

Environmental studies would be ready in the first quarter of 2010, and detailed engineering would begin mid-2010.

According to MiningWeekly.com, "The company has completed a drilling programme on the project, and is compiling the data it will need for mineral resource and reserve statements", which Inmet estimates at 150.000 t/d throughput rate for 30 years.