Construction sparks a mining boom in Panama

Production by Panama's mines and quarries increased by 31 percent in the first quarter of this year, compared with the same period of 2007. The growth is being spurred by a construction boom and high international metal prices.

Monday, July 7, 2008

Demand for rock, sand, gravel and other materials has soared for projects that include the increase in the capacity of the Panama Canal, port expansions, the construction of a seafront boulevard, and residential developments.

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Minera Panama's Concession Renewed

August 2017

The Varela administration has extended the concession authorizing Minera Panama to extract copper from the mine at Donoso, in the province of Colón for a further 20 years.

The concession granted by the Ministry of Commerce and Industries is for an area of almost 13 thousand hectares, and will be in force until February 28, 2037.  

Union Violence in Panama

January 2016

Warnings have been given regarding acts of violence on the part of the construction union on the premises of Minera Panama, generating physical insecurity for workers and legal uncertainty for private property.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:

Minera Panama Awards Contract for Plant

November 2012

Inmet Mining Corp, owner of the mega project to extract copper in Panama, has awarded the construction of its processing plant.

The project will be headed by Joint Venture Panama Inc. (JVP), a consortium made up of the mining division of SNC-Lavalin, GyM SA (part of Grupo Grana y Montero) and Techint International Construction Corp.

Guatemala: Gold, silver mines to pay royalties of 4%

January 2012

The agreement signed by 22 companies in the extractive industry will mean an increase in annual revenues from mining royalties of about $64 million.

Having previously paid 1% in royalties, gold and silver mining companies will pay the Guatemalan state a rate of 4%, said the President Otto Perez Molina.

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