Minera Panama's Concession Renewed

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.

Friday, August 18, 2017

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.  

See also: "Export of Metalliferous Minerals in Central America"

Prensa.com reports that "...In 2013 First Quantum, the current owner of Minera Panama, bought the project from Inmet Mining, for $5.1 billion. In the coming years the mine will produce between 300 thousand and 320 thousand tons per year."

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Judicial Ruling Against Mining Company

September 2018

Arguing that the basic principles of public procurement were not complied with, in Panama the contract between the State and the company Petaquilla Minera has been declared unconstitutional.

The legal dispute began in 2009, when the Environmental Advocacy Center (CIAM) filed an unconstitutionality appeal against the contract that grants a twenty year concession to Cerro Petaquilla to exploit and sell gold, copper and other mineral resources.

Nicaragua and the New Mining Law

June 2017

The Assembly is preparing to approve a bill that creates the Nicaraguan Mining Company (Empresa Nicaragüense de Minas), which will be able to participate in exploration and exploitation activities carried out by companies who have received concessions.

In addition to the possibility of participating directly in activities carried out by concessionaire companies, once the law is approved, the Nicaraguan Mining Company (ENIMINAS), "... will have as its objective the execution and development of exploration and rational exploitation of the country's mining resources. "

Nicaragua: Precious Metal Exports Fall

May 2015

Low gold prices and weaker external demand account for 14% of the annual fall in the export of metal products for March.

In the first quarter of 20,700 ounces of gold were exported, down from the 73,800 ounces sold in the same period in the previous year. The main reason behind this decrease is the fall is the international price of gold, which has remained low over the past year and part of this year.

Multi Billion Dollar Bid for Minera Panama

November 2012

Inmet Mining, which owns the copper mining megaproject in Panama, has rejected a $4.89 billion takeover bid.

First Quantum Minerals Ltd, a larger mining company based in Canada, made an unsolicited offer of $4.89 billion, or $70 per share for Inmet Mining, which was rejected by its board, for being "highly conditional" and not in the best interest of its shareholders.

 close (x)

Receive more news about Mining & Geology

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 29)
Brent Crude Oil
37.83
Coffee "C"
106.3
Gold
1,873
Silver
23.03