Inmet Mining Merges with LundinThursday, January 13, 2011 The owner of copper mining project Panama Cobre (Minera Panama SA), Inmet Mining Corp., merged with Lundin Mining Corp. The new company will be called Symterra and will focus on the exploitation of copper, having potential production of 500.000 tons of copper a year. 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. Inmet Mining Presents Copper Mine Project to Local AuthoritiesTuesday, January 26, 2010 "Minera Panama", a subsidiary of Canadian corporation Inmet Mining, presented its cooper mining project to the technical council of the province of Colón. The project, dubbed "Panama Cobre", would be located in Coclé del Norte, Donoso district, and would require an investment of $3.5 billion. "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. Financing for Cobre Panama CompleteTuesday, May 22, 2012 After closing the bond issuance with $1.5 billion, Inmet Mining has announced that it has $6.2 billion funding available, to cover the cost of the mine in Donoso, Panama. The board of Inmet Mining, parent company of Minera Panama, has given permission for the construction of a copper mine in Donoso, Colon province. Panama: Inmet finds More CopperWednesday, March 9, 2011 The Canadian mining company announced the discovery of new mineral deposits at the Cobre Panama Mining Project. The deposit, which has the highest concentration of copper to date, is called "Balboa.” Pacific Rim sues El SalvadorWednesday, December 10, 2008 Pacific Rim, a company which was expecting to dig for gold at the El Dorado gold mine, announced its intention to sue El Salvador for not issuing the exploration and exploitation permits. The company said that there is no legal basis for the denial of the permits, and that they will move to sue the country under the terms of the FTA between the US and CA-DR, known as CAFTA-DR. 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. Honduras: Investment in Cement Plant AnnouncedTuesday, May 13, 2014 Five Star Mining, the operator of the Agalteca iron oxide mine, has requested permission to build a cement factory in the mining concession area. The government reported that the company Five Star Mining (FSM) plans to invest $200 million over three years in the installation of a cement factory in the mine in Agalteca, of which it is the concessionaire. 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. 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. Arbitration Between Mining Company and El SalvadorTuesday, July 7, 2009 Pacific Rim interposed an arbitrage against El Salvador, process that started on June 15. The arbitration was interposed by Pacific Rim on the grounds that the country did not grant permission for the start of operations of El Dorado, a gold extraction project located in the Cabañas department. $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. HudBay delays Guatemala mineThursday, November 6, 2008 Weak metals prices and global economic uncertainty has forced zinc and copper producer HudBay Minerals Inc. to delay construction of the Fenix nickel project in Guatemala. But its large cash position could make it a takeover target. Panamanian Copper Mine Plan ApprovedWednesday, July 27, 2011 Inmet's Board of Directors have approved the work plan for the mining project. After several months of analysis, the Canadian company Inmet, one of the biggest players in the mining industry, will finally begin implementing the plan of work in the copper mine in Panama. |
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