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. Panama: Mining Concessions ParalyzedTuesday, July 7, 2015 Entrepreneurs in the sector point out that delays in granting licenses for mining constitute a virtual moratorium, preventing investment and encouraging illegal mining. In the view of representatives of the sector, "... 'The fact that new concessions are not granted, unfortunately, is a de facto moratorium '... " said Zorel Morales, president of the Mining Chamber of Panama (Camipa). Panama Resumes Mining ConcessionsWednesday, January 6, 2010 A series of non-metal mining concessions that were suspended in the first months of President Martinelli's administration have been reactivated. In addition to announcing the reactivation of sand and stone mining concessions, the Government informed that the reform to the Mining Code will be ready in a month and a half. Panama: Halt on Mining ConcessionsWednesday, January 7, 2015 The Varela administration has announced that it will analyze revoking the concession granted to Petaquilla Minerals to operate at Molejón and freeze the paperwork for new mining concessions. Despite the large mineral potential in Panama, the Minister of Commerce and Industry, Meliton Arrocha, announced that mining concessions have been frozen pending audits of permits issued in previous administrations. International Mining Congress in PanamaFriday, October 14, 2016 From November 23 to 25 Latin American mining companies will be meeting in Panama City to explore business opportunities for the mining industry in Central America. The Mining Chamber of Panama is organizing, in conjunction with the Latin American Mining Organization (Olami) a Second International Mining Congress, which will focus on challenges and opportunities for mining activities in Central America. Panama Rejects Mining Exploration ProjectThursday, March 19, 2009 The environmental impact study (EIA) for mining exploration in Cerro Chorcha by Cuprum Resources Corp. was rejected. The National Environmental Authority (ANAM) rejected the EIA primarily because the project is in protected areas and districts. Panama: Veraguas Gold Mining Could Be ReactivatedFriday, October 25, 2013 The approval of a draft contract-law in favor of Vera Gold Corp. would ensure an investment of more than $50 million in the former Santa Rosa mine. This contract-law must first be approved by the Panamanian Congress. The lawyers explained that the aim of this type of concession by law is to protect the company. International Mining Expo 2014 ConferenceWednesday, October 1, 2014 On November 19th-21st 2014 companies engaged in mining infrastructure and construction in Central America and the Caribbean will meet in the Atlapa Convention Center in Panama. The Mining Chamber of Panama, is organizing for the third time the International Minera EXPOConferencia event. Panama Could Change Mining LegislationThursday, March 25, 2010 President Martinelli stated he is willing to modify the present regulation to foster foreign investment. According to Martinelli the country has big opportunities in mining, and lack of regulation cannot be an issue in taking advantage of them. Royalties from Minera Panamá and Petaquilla GoldMonday, August 20, 2012 Although the law does not require them to, the two mining companies pay voluntarily royalties of 4% to the Panamanian State. Both mining companies indicated to Capital Financiero that although there was an amendment to the Code of Mineral Resources in Law 13 of April 3, 2012, their concession contract with the Panamanian state is governed by Law 9 of February 27, 1997 , therefore the changes made to the reform are not applicable to their activity. International Mining Congress in PanamaMonday, July 27, 2015 On November 12nd and 13th Panama City Latin American mining companies will be gathering together in Panama City to address the challenges and opportunities for the industry in Central America. The Mining Chamber of Panama is organizing the event, in conjunction with the Latin American Mining Organization (Olami), called the First International Mining Congress, which will focus on the challenges and opportunities of mining activities in Central America. Optimism in the Mining SectorMonday, December 3, 2018 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. Mining Numbers in PanamaThursday, October 9, 2014 Investment to be made in the local mining sector between 2009 and 2018 is estimated at $10 billion and it is projected that by 2019 the value of the export of metals will reach $2500 million a year. From a statement from the Mining Chamber of Panama: 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. Illegal Mining in PanamaMonday, August 3, 2015 The mining union is complaining about lack of controls on growing illegal mining activities, driven by the need to avoid torturous bureaucratic formalities. The main problem denounced by formal mining companies is the effect that the illegal activity has on prices, since illegally mined products sell at lower prices, preventing the formal sector from competing on equal terms. |
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