In Panama, the Canadian company First Quantum, owner of the copper mine in the province of Colon, sent the first vessel with 31,200 tons of copper.
The Panamanian mine whose construction began in 2013 and demanded about $6.3 billion investment, expects to export 320 thousand tons of copper concentrate per year, announced from the beginning of the year that in June would begin to export its product.
The decision of the Legislative Assembly to not endorse the bill that seeks to approve the contract between the government and Minera Panamá, shows the fragility of the contracts between the Panamanian state and companies.
The obstacles to the mining project date back several years, since the legal dispute began in 2009, when the Environmental Impact Center (CIAM) filed an appeal of unconstitutionality against the contract granting a 20-year concession to exploit and commercialize the gold, copper and other mineral resources of Cerro Petaquilla.
Palm oil, food supplies, paper and cardboard, beef and zinc minerals and its concentrates are the main products that Central American companies sell to companies in Mexico.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Canada's First Quantum, owner of the copper mine in the province of Colon, Panama, plans to begin exports by the middle of this year.
The Panamanian mine, whose construction began in 2013 and demanded a $6.3 billion investment, expects to export 320,000 tons of copper concentrated per year.
In Panama, activities related to mining are expected to increase by more than 10% in 2019, a growth that would be mainly due to copper extraction.
According to the Panamanian government, it is estimated that the economic activity of mining and quarrying will increase over 10% in 2019, as copper exports would exceed $2 billion per year.
Exports of metalliferous minerals from Central America summed $33 million from January to March 2018, and sales to Belgium increased 229% compared to the same period in 2017.
Figures from the information system on the Metalliferous Minerals Market in Central America, from the Commercial Intelligence Area of CentralAmericaData: [GRAFICA caption="Clic to interact with chart"]
Adverse court decisions against companies, social and political conflicts and fiscal issues are some of the factors that are impeding the development of productive projects in Central American countries.
One of the latest court decisions affecting companies with investments in the region was that of Minera Petaquilla, in Panama.
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.
In Panama, it is being claimed that gold mining activity at the Cerro Quema mine will set back 18 months, due to a delay in approving the environmental study and the extension of a concession on the part of the government.
General managers of the company Minera Cerro Quema, in charge of the concession for the mine, stated that the Environmental Impact Study (EIA) was presented three years ago, and they have still not received approval from the authorities.
After several days of negotiation, Cobre Panama company has reached an agreement with the construction workers' union, and they will be able to resume construction work on the project.
Protests by workers at the Cobre Panama project in Colón held since the beginning of the yearhave keptwork on the power line and the 300 MW thermoelectric plantparalyzed for almost three months.
The protests which since the beginning of the year have been held by workers in the Cobre Panama project in Colón have paralyzed work on the power line and the 300 MW thermoelectric plant.
The labor dispute that has prevented the project from progressing arose after both parties, the workers' union and the company Minera Panamá, accused each other of not complying with some points of the agreement made between them in January, with intermediation on the part of the Ministry of Labor.
From January to September 2017, regional exports of metalliferous minerals totalled $59 million, 40% more than in the same period in 2016.
Figures from the information system on the the Metal Ores Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
From November 15th to 17th, companies from the mining industry in Central America and the Caribbean will be meeting at the Vasco Núñez de Balboa Convention Center in Panama.
In the Expo Minera Internacional event, organized by the Mining Chamber of Panama (Camipa), representatives from industrial companies will be taking part, where issues will be discussed such as public policies in mining, technology and innovation, mining and human resources, as well as information on the main mining projects that are being developed in the region.
In 2012 gold exports to Canada amounted to $377 million, equivalent to 54% of the total exported by the region that year, but four years later the figure has fallen to 0.
Figures of the information system on the Gold Market in Crude, Semi Wrought or Powder form in Central America, compiled by CentralAmericaData's Business Intelligence Unit: [GRAFICA caption = "Click to interact with the graph"]
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.
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