Panama Launches Consultation for Mining Code Reform

The bill seeking to reform the mining code began a consultation process in the trade committee of the Legislative Assembly.

Thursday, January 27, 2011

This process at the parliamentary body will run up until Friday, January 28.

Minister Henríquez said the fees, royalties, fees, fines which are generated according to the 1963 mining code, both for non-metallic mining and metal, are very low.

He said that after eighteen months in office, the Executive has not given a single metal mining concession, since the existing ones were given by previous administrations.

Henríquez explained that the concessions for Minera Panama and Petaquilla Gold, were given by the administration of Ernesto Pérez Balladares in 1997.

More on this topic

Debate Over Panamanian Mining Code Reform

October 2011

The Commerce Commission of the National Assembly has begun discussing Bill No.394, which restores repealed articles in the Mineral Resources Code.

A press release from the Panamanian National Assembly reads:

The Commerce Commission began discussing Bill No. 394, which restores repealed articles in the Mineral Resources Code, Act 109 of 1973 and Act 55 of 1973, which, taken together, regulate the exploration and exploitation of metallic and non-metallic minerals.

Panama: Amendments to Mining Code Approved

February 2011

The Panamanian National Assembly approved bill number 277 which amends the Mineral Resources Code.

The proposal, which was approved in first and second debate, was adopted with 42 votes in favor, 15 against and no abstentions and it adjusts fees and royalties to be paid for mineral concessions, which will increase to 5%.

New Mining Code Approved in Panama

October 2010

The Cabinet Council approved the mining legislation reform, which must be supported by the National Assembly.

The new legislation allows foreign states to participate in mining activities in Panama. Current legislation prohibits participation of foreign states in mining concessions.

Legislators Exclude Mining Restriction From Environmental Law

January 2012

The Assembly of Panama has approved, in its first reading, Bill 415 on environmental protection, without the article which eliminates existing mining concessions.

Panama's National Assembly approved on first reading Bill 415 which is related to the special protection of water, environmental and mineral resources in Cerro Colorado, with the omission of Article 5, which would have eliminated existing mining concessions and forced the companies operating there to suspend work.

 close (x)

Receive more news about Mining & Geology

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Corzel S de RL

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (504) 2565 3070 - (504) 2565 3073

Company Profile

Stock Indexes

(Oct 27)
Dow Jones
S&P 500


(Oct 28)
Brent Crude Oil
Coffee "C"