Panama: Tender for Cleaning of Molejón Mine

The government will assume the cleaning and sanitation works of the washing tubs at the Molejón gold mine, initially estimated at $2.5 million.

Tuesday, July 28, 2015

While the future of the concession granted to Petaquilla Minerals is being resolved, it was announced that a cleanup operation will be carried out in coordination with the National Programme of Support, consisting in strengthening and waterproofing the slopes, and cleaning the floor and maintenance areas that were abandoned with hydrocarbons.

Yamil Sanchez, National Director of the Environmental Quality Protection, at the Ministry of Environment, told that "... 'Until the legal issue is resolved with the company, the state has determined that there are tasks in the mine which are 'absolutely urgent '. Following an assessment of the mine it has been estimated that total sanitation in the affected area will cost approximately $30 million.
In the area where the mine operates in Colon rainfall is 5000 mm per year and the sun's rays are strong factors that have deteriorated structures, Sanchez said. "

The work will be contracted through the PAN because 'it is a more expeditious mechanism' and the Ministry of Environment does not have the budget to perform these maintenance tasks justified Sanchez. The PAN will be responsible for tendering the works and the Ministry of Environment will oversee that environmental safeguards and security measures in the area are met. "

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More on this topic

Panama: Final End to Molejón Mining Concession

November 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.

The appeals filed by the former concessionaire of Molejón in an attempt to recover the concession and invalidate the tender which was called by the PAN for cleaning tailing basins have been rejected by the Supreme Court.

Petaquilla Resists to lose Molejón Mine

August 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.

The review process to be carried out now by the Ministry of Commerce and Industry (Mici) could take up to two months.

Panama Could Cancel Molejón Mining Concession

July 2015

Although the concessionaire Petaquilla Minerals says it is complying with the requirements of the government, the possibility of canceling the concession is being studied.

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.

Panama: Molejón Gold Mine Output Drops 98%

June 2014

In the first quarter of 2014 production from the mine which is operated by Petaquilla Minerals amounted to 400 ounces, whereas in the same period in 2013 it was 17,700 ounces.

The quarterly report for January to March 2014 by the company Petaquilla Minerals reviews the financial and operating results of the Molejón gold mine in the province of Colon.

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