Inmet's Minera Panamá to Invest $25 Million in 2011

Minera Panamá, a subsidiary of Inmet Mining Co., is to invest $25 million this year in infrastructure projects and environmental management.

Wednesday, April 6, 2011

Ricardo Martinelli's presidential visit was the setting for the announcement of a 720 hectare "Reforestation and Ecological Recuperation Plan", which will add to the 210 hectares that have already been reforested. This new plan will require $6 million worth of investment to be carried out across the country in coordination with Panama's National Environmental Authority (ANAM in Spanish), as part of programs of biodiversity conservation and protection.

Ernest Mast, president of Minera Panamá, also announced the beginning of improvements to the 25 mile road connecting the provinces of Coclé and Colón, as well as the paving of streets in Coclesito, which the community has long been asking for.

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