Panama: Carbon plant to be built at the Petaquilla Mining project

The Petaquilla Mining project for the exploration of copper, selected the CH2M HILL Company to carry out the preliminary engineering for a new carbon plant.

Thursday, September 4, 2008

The plant will be located in Punta Rincon, Colon, and will provide energy for the copper mine and support installations.

The American company, CH2M HILL will prepare technical, engineering and construction documents that are need to carry out an international bidding process to build the plant. CH2M HILL will also contribute to the designing of the plant.

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Installation of Micro Power Plants Proposed in Honduras

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The National Institute of Forest Conservation is proposing the implementation of fifty, to encourage sustainable use of land.

The protection of 150 thousand hectares of forests and improving the quality of life of 200 thousand families in remote areas could become reality if the Forest Conservation Institute’s proposal, presented recently, is successful.

Guatemala Begins Construction of Electric Power Plant

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The Energy Minister informed that the construction of Jaguar Energy power plant will begin in the next months.

It will take 40 months and $700 million to build, and will generate 300 MW when ready. It will be developed by AEI, an international corporation focused on energy projects.

Panama Government Authorizes Molejon Mine

November 2009

Molejon gold mine, owned by Petaquilla Minerals, received approval for its commercial production stage.

The mine is located in the District of Donoso, Province of Colón. Its production is estimated at 2.200 tonnes per day.

"The Government of Panama highlighted that Molejon will be the country's first mining project of modern times and encouraged the Company to maintain its highest standards of responsible mining as it leads the way to a socially and environmentally conscious mining industry in Panama", reported the company in a press release.

Panamanian Gold Mine Secures $40 million

March 2009

The company Petaquilla Minerals Ltd, which operates the Molejón project, placed $40 million in private debt.

According to a release by the company, part of this placement will be used for financial readjustments and the remainder will be used in the mining project operation and as working capital.

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