Panama Cancels Cooper and Gold Concession

The mining field known as “Cerro Chorcha”, with estimated reserves of 2.17 million pounds of copper and 449.000 gold ounces, is now a reserved mining area.

Wednesday, September 22, 2010


Roberto Henríquez, Commerce and Industry Minister, explained they decided against renewing the mining exploration concession granted to Cuprum Resources Corp on 2006, which expire on April 2010, due to the company’s lack of compliance with some requisites.

The project “Cerro Chorcha” was at an advanced exploration stage, and is located 35 kilometers west of a world class copper field.

Since its discovery in 1969 and until 2006, over $5.3 million were invested to explore and develop it.

More on this topic

Petaquilla Goes for Copper

September 2009

Petaquilla Gold is looking to expand its Panamanian operations, this time to mine copper.

Within a reorganization process at Petaquilla Gold, a subsidiary of Petaquilla Minerals Ltd., the company Azuero Mine was created. It will exploit gold and copper deposits in "El Chorcha" (Chiriquí), "Cerro Quema" (Los Santos) and "Santa Rosa" (Veraguas), where the mining potential is estimated at $80 billion.

Korea Interested in Panamanian Copper

May 2010

Korean companies are interested in the Gnäbe-Buglé field (Cerro Colorado), and the copper mining project by “Minera Panama” in Cocle.

Lee Myung-bak, president of South Korea, will visit Panama in June. He will meet with President Ricardo Martinelli to discuss Korea’s involvement in the country’s mining projects.

Nicaraguan Mine Begins Second Phase of Exploration

August 2011

Calibre Mining Corp. and B2Gold and have begun the second phase of exploration of the Primavera gold and copper mine.

In a press release, Calibre explained that this phase of exploration has an available budget $441,000, and that they will focus on three areas that show a potential of up to 1.48 grams of gold per ton.

"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, "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.

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