"Cobre Panama" Copper Mining Project for 2014Wednesday, October 28, 2009 Inmet Mining, owner of the copper mining project "Panama Cobre" plans to complete construction in 2014. Environmental studies would be ready in the first quarter of 2010, and detailed engineering would begin mid-2010. Panamanian Mining Project is "alive and kicking"Wednesday, April 13, 2011 The support shown by the country's government has given investors confidence and saw the Imnet Mining share price rise. As reported by Mary Trini Zea for Prensa.com, the visit by the president Ricardo Martinelli suggests that the project in Panama's Colón province managed by its subsidiary, Minera Panama is alive and has the government's backing. Minera Panama's Concession RenewedFriday, August 18, 2017 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. Imnet Secures 80% of Funding for Cobre PanamaWednesday, August 29, 2012 The mining company agreed to provide gold and silver at $400 and $6 per ounce respectively, to Franco Nevada, which will in return provide funding of $1 billion. Franco-Nevada Corporation and Inmet Mining Corporation announced the terms of an agreement for the supply of precious metals from the flows of the Cobre Panama copper project in Panama which is under construction. Estimated Production of Cobre Panama Raised by 20%Tuesday, January 28, 2014 First Quantum has announced that the copper mine will produce 20% more than originally estimated, but the start of operations will be delayed until 2017. The delay in the start of operations of the Cobre Panama mine, purchased by the Canadian company First Quantum last year, will mean higher costs. Korea Interested in Panamanian CopperFriday, May 21, 2010 Korean companies are interested in the Gnäbe-Buglé field (Cerro Colorado), and the copper mining project by “Minera Panama” in Cocle. Lee Myung-bak, president of South Korea, will visit Panama in June. He will meet with President Ricardo Martinelli to discuss Korea’s involvement in the country’s mining projects. Environmental Battle Scares Off InvestorsTuesday, March 20, 2012 The World Bank will not participate in the financing of Minera Panama, even though the company has announced it will operate under the standards of the International Finance Corporation. Minera Panama, a subsidiary of Inmet Mining, wants to gain new partners to capitalize on the copper mine that it operates in the province of Colon, with an investment of $4.32 billion. Tougher Controls for Canadian Mining CompaniesFriday, January 29, 2010 Canada’s Supreme Court has ruled that Canadian mining corporations must conduct more detailed environmental impact studies. Several mining companies from Canada operate in Central America. Some of them include Breakwater Resources (Honduras), Inmet Mining Corp (Panama), Petaquilla Minerals Ltd (Panama), B2Gold Corp (Nicaragua), Argonaut Gold (Guatemala) and GoldCorp (Guatemala and Honduras). B2Gold Will Invest $7 Million in Nicaraguan MineWednesday, June 24, 2009 The company B2Gold Corp. could acquire up to 65% of the gold and copper mining project NEN. The gold and copper mining Project NEN, currently property of Canadian Calibre Mining Corp, is located on the North Atlantic side of Nicaragua, and covers 70,976 hectares. Calibre Mining Adds to Concessions in NicaraguaWednesday, January 12, 2011 Calibre Mining Corp acquired 250 km2 of additional mining concessions in Nicaragua. The new areas, called Asa and Pis Pis, are located in the region known as the Golden Triangle of Nicaragua, with high mineral potential. $2.3 Million Gold Exploration in NicaraguaFriday, September 18, 2009 Calibre Mining and B2Gold Corp. will explore gold in the "Borosi" mining project. Calibre reported that a $2.3 million work program and budget has been approved by B2Gold Corp at Borosi project in the Bonanza-Rosita-Siuna areas of northeast Nicaragua. Gold Confirmed in Santa Maria ProspectWednesday, January 19, 2011 Calibre Mining announced that initial field studies confirmed the presence of high grade gold veins. The mining company said in a press release that initial field exploration works have been completed at the prospect in Santa Maria, northwestern Nicaragua. Nicaraguan Mine Begins Second Phase of ExplorationThursday, August 4, 2011 Calibre Mining Corp. and B2Gold and have begun the second phase of exploration of the Primavera gold and copper mine. In a press release, Calibre explained that this phase of exploration has an available budget $441,000, and that they will focus on three areas that show a potential of up to 1.48 grams of gold per ton. Nicaragua: Gold and Silver found at Borosi MineThursday, August 19, 2010 Calibre Mining announced the results of their drilling program on the La Luna and Riscos de Oro projects within the Borosi Concessions. The company intercepted 2810 g/t silver and 17.85 g/t gold over 0.95 metres within a larger interval of 8.53 metres grading 384.86 g/t silver and 4.23 g/t gold. These were highlighted by the highest grade gold and silver assays intercepted to date by Calibre on the Riscos de Oro epithermal gold-silver project. Quality of Mine Vein Confirmed in Primavera MineMonday, October 24, 2011 Calibre Mining , operator of the Borosi mining project located in Nicaragua, has successfully completed studies at the site. Bore holes made in the project have produced positive results, and the quality of gold located in one of the veins has been analyzed. |
|