Panama Rejects Mining Exploration Project

The environmental impact study (EIA) for mining exploration in Cerro Chorcha by Cuprum Resources Corp. was rejected.

Thursday, March 19, 2009

The National Environmental Authority (ANAM) rejected the EIA primarily because the project is in protected areas and districts.

Mónica Palm, Prensa.com journalist, explained that "the concession that Cuprum has had since early 2006 is for conducting exploration for gold and other minerals in an area comprising 24.3 hectares, distributed in the province of Chiriquí and the Ngöbe Buglé Region."

More on this topic

Mining Potential in Nicaragua

August 2017

Metallic and non-metallic mining projects granted in concession cover 8.4% of the country's land area, but less than 1% are in operation.

From a report by the Chamber of Mining:

Of each dollar generated from metallic mining, 0.66 cents remain in Nicaragua in the form of payments for taxes, remuneration and acquisition of local goods and services. This is one of the main conclusions of the study entitled 'Analysis of mining activity in Nicaragua 2006-2016', prepared by the economist Néstor Avendaño, president of Consultores para el Desarrollo Empresarial S.A. (COPADES).

Nicaragua: Incentives for Mining

June 2016

A bill proposes the creation of a public mining company, which would be able to participate in concessions and form associations with other public or private companies.

Elnuevodiario.com.ni reports that "...Some of the functions that this law would have is to carry out feasibility analysis to set up mineral processing establishments in areas with mining potential, within concession areas; and market products derived from the exploitation of mineral resources. "

Guatemala Reviews Mining Licenses

April 2012

Following the lifting of a moratorium on exploration and mining licenses, the Ministry of Environment and Natural Resources has announced a review of all environmental impact studies.

The Ministry of Environment and Natural Resources (MARN) analyzed 354 environmental impact studies, whose licenses were suspended after finding that there were shortcomings.

Tougher Controls for Canadian Mining Companies

January 2010

Canada’s Supreme Court has ruled that Canadian mining corporations must conduct more detailed environmental impact studies.

Several mining companies from Canada operate in Central America. Some of them include Breakwater Resources (Honduras), Inmet Mining Corp (Panama), Petaquilla Minerals Ltd (Panama), B2Gold Corp (Nicaragua), Argonaut Gold (Guatemala) and GoldCorp (Guatemala and Honduras).

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