Copper Mine Submits Environmental Impact Study

Minera Panama presented its environmental impact study for its copper mining project.

Thursday, September 30, 2010

Also known as Cobre Panama, the $3.5bn project is operated by Minera Panama S.A., 100% owned by Canadian corporation Inmet Mining.

Mercedes Morris, head of external relations at Minera Panama, explained that the 14,000-page study had a cost of $16 to $17 million.

More on this topic

First Quantum Suspends Cobre Panama Mine Contracts

April 2013

Following the acquisition of Inmet Mining, the former owner of the mega mining project in Panama, First Quantum has suspended construction contracts with SNC-Lavalin, for $120 million.

A statement by SNC-Lavalin notes that, "First Quantum Minerals, which recently acquired a majority stake in Inmet Mining Corporation (Inmet), and took control of the Cobre Panama project, typically directs and executes its projects based on direct internal recruitment procedures, looking for external experience only when necessary. "

Environmental Guarantee Demanded of Mining Company

February 2012

The National Environmental Authority has approved an environmental impact study by the Canadian company Minera de Panamá, S.A., but requires the company to hold a deposit or guarantee for future environmental damage.

Minera de Panama, SA aims to draw some 250 thousand tons of copper per year, and also extract molybdenum, gold and silver, reaching an annual turnover of almost $2 billion starting from 2016.

Cobre Panama’s Environmental Report Approved

January 2012

The approval of the Environmental and Social Impact study is an important step that enables the entry of other investors into the project.

Inmet Mining Corporation announced that the National Environmental Authority of Panama (ANAM in Spanish) approved on December 28, 2011, a Study for Environmental and Social Impact Assessment (ESIA) necessary for the development of the copper mining project ‘Cobre Panama’, which includies mining operations and connected infrastructure, a port facility and a coal-fired power plant.

Panama: Copper Mine Company Seeks New Partners

June 2011

The Canadian company Inmet will define the participation of new partners for its mining project in mid 2012.

The company engaged in the exploration and extraction of minerals, led by its copper mining project in Panama, formerly known as Project Petaquilla, is examining options for getting additional capital and partners to develop the project.

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