Panama: Inmet finds More CopperWednesday, March 9, 2011 The Canadian mining company announced the discovery of new mineral deposits at the Cobre Panama Mining Project. The deposit, which has the highest concentration of copper to date, is called "Balboa.” 27% More Copper in Minera PanamaFriday, December 14, 2012 Inmet Mining Corporation has announced that reserves in the Minera Panama copper project are 27% higher than initially estimated. The company also reported a 41% increase in gold reserves. Operations at Cobre Panama Mining Project NormalizedWednesday, July 9, 2014 The company Minera Panama has made an agreement to resume construction work at the mine after reaching an agreement with workers over working schedules. After construction stopped in the Cobre Panama mine project on June 27, due to a labor dispute with workers of the project, the company First Quantum Minerals has said it has reached an agreement to resume work. Petaquilla Goes for CopperThursday, September 17, 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. Estimated Production of Cobre Panama Raised by 20%Tuesday, January 28, 2014 First Quantum has announced that the copper mine will produce 20% more than originally estimated, but the start of operations will be delayed until 2017. The delay in the start of operations of the Cobre Panama mine, purchased by the Canadian company First Quantum last year, will mean higher costs. $500 Million for Panamanian Copper MineFriday, April 23, 2010 Ellington Investments Ltd invested $500 million in mining corporation Inmet. The funds will be used to develop the Inmet’s copper mining project “Cobre Panama”, located in Coclé del Norte. Panamanian Copper Mine Plan ApprovedWednesday, July 27, 2011 Inmet's Board of Directors have approved the work plan for the mining project. After several months of analysis, the Canadian company Inmet, one of the biggest players in the mining industry, will finally begin implementing the plan of work in the copper mine in Panama. Korean Consortium to Develop Copper Mine in PanamaFriday, January 6, 2012 A consortium made up of the state company Kores and LS-Nikko Cobre Inc. has announced the start of the operations in the Cobre Panama mining project in the first half of the year. The announcement by state-run Korea Resources Corporation comes a few days after the approval by Panama’s National Environmental Authority, of the development plans for the mines in the Cobre Panama project. Panama Will Extract Copper from 'Cerro Colorado' MineMonday, November 23, 2009 'Cerro Colorado' located in Ngäbe Buglé, is one of the world's largest copper reserves. Ricardo Quijano, Commerce and Industries vice minister, confirmed the government's decision of putting to use the mining potential of 'Cerro Colorado'. Panama Cancels Cooper and Gold ConcessionWednesday, September 22, 2010 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. 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. Works Start at Cobre Panama MineFriday, May 29, 2015 The project consists of the construction, in the province of Colon, of a processing plant and a mine, from which it is expected that 320 thousand tons a year will be extracted from 2018. In addition to the processing plant and the mine, a subsidiary of First Quantum Minerals, in charge of the work, is building a power 300 MW plant and and a port area, where the concentrate will be filtered and loaded for transport in ships. $3.5 billion mega mining project in ColonMonday, November 17, 2008 A Panamanian company with Canadian capital is currently evaluating the construction and operation of a large scale copper mine. Minera Panama is looking at investing some $3.5 billion in a mega project to extract copper. Cerro Colorado Copper Project EvaluatedThursday, October 28, 2010 Panamanian government along with Peruvian experts are developing a proposal for the project. It is expected within the next fifteen days a report will be submitted with different proposals for development, timetables for action and mining costs. Panama: Petaquilla copper project moves aheadThursday, October 30, 2008 Inmet Mining Corp will continue with the Petaquilla copper project for at least through out the permit request phase. Then they will make a final decision on construction based on the price of the metals at that moment, they said. "We believe (...) that it is appropriate to continue at Petaquilla, but we continue to be disciplined and will find the proper balance between continuing with the project and maintain our money in reserve," the president of operation of Inmet, Jochen Tilk, said during a teleconference. Cobre Panama Mine Ceases OperationsFriday, June 27, 2014 First Quantum has announced that operations at the mine in Panama have temporarily stopped due to an illegal work strike by the employees involved in the project. From a press release issued by First Quantum Minerals Ltd.: |
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