After a community consultation was ordered as a requirement for the resumption of operations of the San Rafael Mine in Guatemala, the authorities invited nine institutions to participate in the first meeting of the pre-consultation roundtable.
Derived from a protective action filed by the environmental organization Calas, the Constitutional Court (CC) ordered in September 2018, to carry out through the Ministry of Energy and Mines (MEM), a community consultation in the area of operations of the mine, in El Escobal, in the municipality of San Rafael Las Flores, department of Santa Rosa.
In the first half of 2019, sales abroad totaled $443 million, 20% more than the amount reported in the same period last year.
The latest data from the General Comptroller of the Republic, detail that between the first half of 2018 and 2019 exports increased from $371 million to $443 million, an increase that is partially explained by the behavior of sales of bananas and waste steel, copper and aluminum.
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.
During the first nine months of 2018 the countries of the region made purchases abroad of copper wire for $79 million, 36% more than what was reported in the same period of 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]
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.
During the first half of the year, the countries of the region purchased copper wire abroad for $56 million, 34% more than what was reported in the same period of 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
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.
Nowadays, the mining sector represents around 1.6% of the GDP, however, with the greater dynamism of the activity this proportion could increase up to 6% or 7%, in a maximum period of two years.
During the first quarter of the year, the Central American countries allocated $ 28 million to the purchase of copper wire abroad, 38% more than that reported in the same period of 2017.
Data from the Copper Wire market information system in Central America, from the CentralAmericaData Commercial Intelligence Area: [GRAFICA caption="Clic para interactuar con la gráfica"]
In the first nine months of 2017, companies in Costa Rica imported $51 million worth of copper wire, 30% less than was reported in the same period in 2016.
Figures from the information system on the Copper Wire Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
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.
Between January and November of 2017, countries in the region imported $58 million worth of copper wire, and 88% was acquired by companies in Costa Rica.
Figures from the information system on the the Copper Wire Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Ministry of Energy and Mines has requested that the Executive Power authorize the Canadian company Gold Quest a mining license for the Romero project in San Juan de la Maguana.
Seven years is the estimated useful life of the deposit of gold, silver, copper, zinc and lead, whose present value is around $561 million in accordance with the current prices of metals.
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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