Panama: Colón Port Starts Operations

The terminal built by the concessionaire Minera Panama, in Punta Rincon, will initially be used for unloading construction materials for the Cobre Panama project.

Wednesday, August 26, 2015

The port required an investment of $54 million and was built entirely by Minera Panama, concessionaire of the Cobre Panama project , in the district of Donoso, Colon Province.

Once the work has been completed, George Carney, manager of Minera Panama along with the national government, explained that "... it will be used to transport the copper material extracted and the fuel required during the more than three decades of operation of this mine in the country. "

The administrator of the Panama Maritime Authority, Jorge Barakat stressed that the port is a key and fundamental piece of the puzzle in the mining project, which will provide great benefits to the country and become the largest exporter of copper worldwide. Cobre Panama is in the construction phase to turn the mine into the world's largest copper producer, with an investment of $6.4 billion and has an expected life of 34 years. "

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More on this topic

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.  

Panama's Mining Potential

December 2014

Estimates are that there are $200 billion worth of metals in the Panamanian subsoil, with copper predominating.

Although the largest proportion of mining reserves is copper, the four gold deposits identified alone are valued at about $5 billion.

Anpanama.com reports that "...

Minera Panama to Invest $45 million in Port

October 2012

In the Caribbean coast, in the area granted in concession by Panamanian government, the mining company has instructed the Spanish builder Sacyr Vallehermoso to construct a deepwater port.

An article in Laprensa.com reports that "Minera Panama has commissioned the construction of a deepwater port on the Caribbean coast of Panama by the company Sacyr Vallehermoso, the first contract obtained by the Spanish construction in this country since construction of the Canal Expansion. "

Land Concession Granted to Minera Panama

October 2012

The Panama Maritime Authority has granted a concession for 20 years to Minera Panama SA covering eight acres in Punta Rincon, in the province of Colon, for the construction of its port.

According to Resolution No. 130, published in the Official Gazette 27132, Minera Panama is authorized to construct a port in the district of Donoso, where from 2016 it will load copper concentrate which has been extracted from its mining concession located in the same district.

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Empresa Minera Manantial S.A.C

Organization that operates in Costa Rica.
Phone: (00511) 990296690

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