Panama: Final End to Molejón Mining Concession

The Supreme Court rejects appeal case presented by Petaquilla Minerals to reverse the cancellation of the concession to exploit the gold mine El Molejón.

Friday, November 27, 2015

The appeals filed by the former concessionaire of Molejón in an attempt to recover the concession and invalidate the tender which was called by the PAN for cleaning tailing basins have been rejected by the Supreme Court.

Prensa.com reports that "... Spokespersons from Petaquilla Gold indicated that the company filed three injunctions against the tender, after the PAN made changes to the specifications. They said they have not yet been notified of the rejection. The company says that in August it requested permission to empty some of the water contained in the tailing basins, but never received authorization for the work. "

"... Activity in Molejón will have been paralyzed for 2 years in December, after the company ran out of funds to continue operating the mine. " In June this year, "... the MTI reported an edict canceling the concession, and eight days later Petaquilla filed an appeal with the highest court in the country."

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More on this topic

Judicial Ruling Against Mining Company

September 2018

Arguing that the basic principles of public procurement were not complied with, in Panama the contract between the State and the company Petaquilla Minera has been declared unconstitutional.

The legal dispute began in 2009, when the Environmental Advocacy Center (CIAM) filed an unconstitutionality appeal against the contract that grants a twenty year concession to Cerro Petaquilla to exploit and sell gold, copper and other mineral resources.

Petaquilla Resists to lose Molejón Mine

August 2015

The concessionaire has filed a reconsideration motion to avoid cancellation of the concession, and while it is resolved, the government will take care of the necessary maintenance work.

The review process to be carried out now by the Ministry of Commerce and Industry (Mici) could take up to two months.

Panama: Tender for Cleaning of Molejón Mine

July 2015

The government will assume the cleaning and sanitation works of the washing tubs at the Molejón gold mine, initially estimated at $2.5 million.

While the future of the concession granted to Petaquilla Minerals is being resolved, it was announced that a cleanup operation will be carried out in coordination with the National Programme of Support, consisting in strengthening and waterproofing the slopes, and cleaning the floor and maintenance areas that were abandoned with hydrocarbons.

Panama Could Cancel Molejón Mining Concession

July 2015

Although the concessionaire Petaquilla Minerals says it is complying with the requirements of the government, the possibility of canceling the concession is being studied.

The 180 day period which the Ministry of Trade and Industry (Mici) awarded in January to the conessionarie Petaquilla Minerals to resolve its financial problems has come to an end, and the government could revoke the concession granted in 1997.

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