Mining and Bureaucracy

In Panama, it is being claimed that gold mining activity at the Cerro Quema mine will set back 18 months, due to a delay in approving the environmental study and the extension of a concession on the part of the government.

Friday, April 13, 2018

General managers of the company Minera Cerro Quema, in charge of the concession for the mine, stated that the Environmental Impact Study (EIA) was presented three years ago, and they have still not received approval from the authorities.

Laestrella.com.pa reports that "...Choy, also a legal representative of the mining company, a subsidiary of the Canadian Orla Mining Ltd, explained that they are also waiting for the Ministry of Commerce and Industries (MICI) to issue the extension of the concession contract, in order to invest another "120 million dollars" in the civil works phase, "that will take a year and a half", and will generate about 500 direct jobs in construction and between 150 and 200 in the operation."

See also: "Mining in Nicaragua: Good expectations for 2018"

"... The firm dismissed 25 workers three weeks ago, leaving 105 workers in the base camp of the concession, located about 300 kilometers southwest of the Panamanian capital, located in a 900-meter high massif on the Azuero peninsula, where there is intense agricultural activity. "Our perspective is that we will have to wait until next year, because the government has not said anything negative or positive."
 

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More on this topic

Panama: Gold Mine Receives Environmental Approval

October 2016

The proposal to exploit the gold mine in Cerro Quema, Los Santos, was considered "viable" by the Evaluation and Environmental Management Department in Panama.

The Evaluation and Environmental Management Department at the Ministry of Environment recommended that the Environmental Impact Assessment (EIA) study for the project be approved. Prensa.com reports that now they are  "... just waiting for the signature of approval from the Environment Minister Mirei Endara."

Reactivation of Gold Mine in Panama

May 2014

Greenfield Resources has initiated efforts to request the reopening of the Remance mine, in which it plans to invest $110 million.

16 years since the closure of the mine, caused by the collapse of the gold price in the international market, the Panamanian company Greenfield Resources Inc.

Panama: Concession for Gold and Silver Mining

February 2014

The mining company Cerro Quema has received the concession for mining gold and silver in the region of Cerro Quema.

The Ministry of Trade and Industry has granted the company Minera Cerro Quema exclusive rights to extract gold and silver in the region of Cerro Quema.

"The measure supports a document belonging to this entity dated January 15 this year, which is signed by the national director, in charge of Mineral Resources Themistocles Velarde.

Panama: Existence of Gold in Cerro Quema Confirmed

November 2010

Pershimco Resources, which owns the Cerro Quema gold mine, announced it intersected 128 meters of 1.41 grams of gold per ton.

The drilling confirmed the presence of gold, the company said in a news release, adding that copper was also found at a lesser gradient than gold.

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