Panama Could Cancel Molejón Mining ConcessionAlthough the concessionaire Petaquilla Minerals says it is complying with the requirements of the government, the possibility of canceling the concession is being studied.Thursday, July 23, 2015
The 180 day period which the Ministry of Trade and Industry (Mici) awarded in January to the conessionarie Petaquilla Minerals to resolve its financial problems has come to an end, and the government could revoke the concession granted in 1997. Work on the Molejón gold mine stopped in December 2013, when financial problems faced by the concessionaire came to light. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Panama: Final End to Molejón Mining ConcessionNovember 2015 The Supreme Court rejects appeal case presented by Petaquilla Minerals to reverse the cancellation of the concession to exploit the gold mine El Molejón. Petaquilla Resists to lose Molejón MineAugust 2015 The concessionaire has filed a reconsideration motion to avoid cancellation of the concession, and while it is resolved, the government will take care of the necessary maintenance work. Petaquilla: Liquidation of Assets to Pay WagesDecember 2014 The government of Panama has announced that it will liquidate the assets of the concessionaire of the mine El Molejón in order to pay outstanding debts after the company failed to appear before the Ministry of Labour. Problems for Petaquilla MineralsSeptember 2014 The company announced that there will be changes in its structure and in the operation of Molejón mine, with projections for gold production at the end of the year being reduced by 5000 ounces.
×
ok |
|