españolKorean Company Buys 20% Of Panamanian Copper MineTuesday, March 16, 2010 LS-Nikko will take a 20% stake in the copper mining project “Cobre Panama”. The remaining 80% will be controlled by Inmet Mining Corporation. It will be located in Coclé del Norte, and will require a $3.5 billion investment. Korea’s Eximbank to Finance Panamanian Mining ProjectWednesday, June 30, 2010 Eximbank, a South Korean state-owned bank, closed an agreement with Inmet and a Korean consortium to develop the copper mining project known as Cobre Panama. The agreement states that Eximbank will provide financial support to the project, which also involves Canadian mining company Inmet and a South Korean consortium composed of Korea Resources, LS-Nikko Copper and Korea Export Insurance (KEIC). Panama: Korean Mining Company Will Invest in Copper ProjectFriday, October 30, 2009 Korean company LS-Nikko could invest up to $260 million in copper mining project "Cobre Panama". LS-Nikko signed an option agreement with Canadian company Inmet Mining Corp, owner of the project. Under the agreement, LS-Nikko will have the option to acquire between 20% and 30% of the copper mining project "Cobre Panama" (Minera Panama S.A.), depending on how much it invests in it. 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: Mine Company FundedTuesday, March 1, 2011 The Mining Code’s reform allows Inmet to complete financing for $ 5.000 million needed to exploit Minera Panama’s copper mine. Specifically, the reform opened the possibility for foreign states to invest in mining projects. For Canadian company Inmet, this could translate into including Korean state company Kores, representing a project investment of $ 625 million. Inmet Sells 20% of Cobre Panama to Korean Holding CompanyTuesday, January 10, 2012 Inmet Mining Corp. has announced the sale of 20% of its copper mining project in Panama for $155 million. The buyer is Korea Panama Mining Corporation (KPMC), a holding company owned by the South Korean KS-Nikko Copper and the state run South Korean company Korean Resources Corporation. Panama Cancels Cooper and Gold ConcessionWednesday, September 22, 2010 The mining field known as “Cerro Chorcha”, with estimated reserves of 2.17 million pounds of copper and 449.000 gold ounces, is now a reserved mining area. Roberto Henríquez, Commerce and Industry Minister, explained they decided against renewing the mining exploration concession granted to Cuprum Resources Corp on 2006, which expire on April 2010, due to the company’s lack of compliance with some requisites. Cobre Panama to Sell $1 billion in BondsTuesday, May 8, 2012 The Canadian owned mining company owner is not looking for more equity partners, but will instead fund development of the mine by issuing bonds. The reduction of risks to the project has enabled it to seek finance by issuance of debt, whose principal will mature in 2020. This will not alter, in principle, the current composition of capital, of which 80% is owned by Inmet Mining Corp. "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. Positive Results from Gold Prospecting in Cerro QuemaWednesday, June 15, 2011 The Canadian mining company Pershimco Resources has announced positive results in the search for evidence of productive veins in order to expand the Gold-Copper Trend in Cerro Quema. Their press release states: Nicaragua: Calibre Mining Find New Vein in Gold MineTuesday, April 26, 2011 The find is a huge success for the company at one of its mines in north eastern Nicaragua. During the process of defining different mineral zones for its Riscos de Oro project in Nicaragua, in one of the perforations Calibre Mining made it found a vein that will enable it to estimate how much gold and silver the mine could contain. 50% of Gold Mine Sold in GuatemalaWednesday, October 13, 2010 Argonaut Gold sold its 50% share of Mina El Sastre for $ 1.3 million to local partners. In a news release the company announced the sale was due the fact the company does not consider this mine as one of its core assets. Costa Rica: Crucitas Gold Mine Hits another BarrierMonday, April 19, 2010 A Contentious-Administrative Tribunal issued a ruling temporarily preventing the mine from operating. The ruling is in response to a complaint filed by the Flora and Fauna Preservation Association, who seeks to permanently shut down the gold mine. New Mining Projects in NicaraguaWednesday, April 9, 2014 The concessionaires of the India and San Albino Murra mines are carrying out the feasibility studies needed to obtain approval to begin operations. The India mine, owned by the concessionaire Condor Gold, is the one which is closest to operations, assuming the feasibility studies give good results.
MARKET STUDY
Refrigeration Equipment: Regional Business FiguresWednesday, June 24, 2020 Distribuidora Granada S.A., Hussmann El Salvador, Molinos de Nicaragua S.A. and Sol Orgánica S.A., are some of the companies involved in the refrigeration equipment import business in Central America. The market study "Refrigeration Equipment Market Study in Central America and the Dominican Republic", prepared by the Trade Intelligence Unit of CentralAmericaData, details the main figures of the business of importing this type of equipment. |
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Wednesday, May 31, 2023 - last update: Tuesday, 8:24 pm
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