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.
Petaquilla Gold is looking to expand its Panamanian operations, this time to mine copper.
Korean companies are interested in the Gnäbe-Buglé field (Cerro Colorado), and the copper mining project by “Minera Panama” in Cocle.
Calibre Mining Corp. and B2Gold and have begun the second phase of exploration of the Primavera gold and copper mine.
Inmet Mining, owner of the copper mining project "Panama Cobre" plans to complete construction in 2014.
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