Panama to Address Mining Industry

The designated Deputy Minister of Trade and Industry, Ricardo Quijano, will seek a balance between environment and sustainable development.

Monday, June 1, 2009

The priorities of the new Ministry of Trade and Industry will be to review mining concessions and verify the current law on this matter for possible changes in favor of sustainable environmental development in Panama.

According a article: "The incoming government perceives problems between environmentalists and mining developers, but Quijano warned that he will not take an extreme position because it harms the country. He will also work in conjunction with the National Environment Authority to ensure compliance with environmental impact studies."

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January 2012

The Assembly of Panama has approved, in its first reading, Bill 415 on environmental protection, without the article which eliminates existing mining concessions.

Panama's National Assembly approved on first reading Bill 415 which is related to the special protection of water, environmental and mineral resources in Cerro Colorado, with the omission of Article 5, which would have eliminated existing mining concessions and forced the companies operating there to suspend work.

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A press release from the Panamanian National Assembly reads:

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The Panamanian National Assembly approved bill number 277 which amends the Mineral Resources Code.

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Panamanian Mining Code Changes in 2011

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The National Assembly will endorse the new code in 2011.

The mining code changes have already been approved by the cabinet last October.

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