españolPanama 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. The Profits of Guatemalan Mining CompaniesWednesday, April 11, 2018 According to a recent study, companies that carry out mining activities in the country, operate with a profit margin of 22% before paying taxes. The report prepared by Central American Business Intelligence (CABI), details that companies in the mining industry operating in Guatemala can achieve extraction costs of up to 55%. Guatemala: Goldcorp Sells Cerro Blanco MineFriday, January 13, 2017 The Canadian mining company GoldCorp has agreed to sell 100% of its stake in the gold and silver mining project Cerro Blanco located in Asuncion Mita, Jutiapa, to Bluestone Resources. From a press release by Goldcorp: Guatemala: $151 million for Lead ExportsWednesday, July 16, 2014 The increase in sales of lead abroad has been attributed to the shipments that have begun from the Escobal mine, belonging to Canada's Tahoe Resources. Lead exports increased by $141 million between January and May this year compared to the same period last year, according to the Central Bank of Guatemala. Reactivation of Gold Mine in PanamaMonday, May 26, 2014 Greenfield Resources has initiated efforts to request the reopening of the Remance mine, in which it plans to invest $110 million. 16 years since the closure of the mine, caused by the collapse of the gold price in the international market, the Panamanian company Greenfield Resources Inc. has asked the National Environmental Authority (ANAM) for approval of an environmental impact assessment (EIA) in order to reactivate their exploitation activities. The site in the province of Veraguas has projected a production life of 12 years and to exploit it the company plans to install a plant with initial capacity to process 5000 tons per day of the material, with projections to increase this to 7000 tonnes. Panama: Another Concession For Gold ProspectingFriday, October 5, 2012 Greenfield Resources has obtained a contract with the Ministry of Commerce and Industries for gold prospecting in the districts of Remance, San Juan and San Jose. From the Official Gazette 27,127: Mining Company Changes OwnershipWednesday, January 9, 2019 Pan American Silver agreed to acquire the shares of Canadian Tahoe Resources, thus becoming the owner of the Mina San Rafael project in Guatemala. With no details on the transaction amount, it was reported that the agreement between the two companies was approved on January 8, 2019 and is expected to be finalized on February 26. Mining Company Still Not OperatingTuesday, August 21, 2018 In Guatemala, the company Minera San Rafael, whose operations remain paralyzed pending a final decision by the Constitutional Court, announced the dismissal of another 200 employees. The delay on the part of Constitutional Court of Guatemala continues to take its toll on the mining company, which has been unable to operate for more than 400 days. Honduras: Zinc Mine Passes into Canadian HandsWednesday, October 12, 2016 The Belgian company Nyrstar sold to Morumbi Resources 100% of the subsidiary American Pacific Honduras, owner of the El Mochito zinc mine. From a press release by Morumbi Resources: Rising Interest in Panamanian GoldTuesday, August 24, 2010 Just in June there have been three requests for mining exploration in the region of Cañazas in the center west province of Veraguas. The Mineral Resources department of Panama's Ministry for Trade and Industry (MICI) received two exploration requests from Canamanian Resources Inc. and another from Constructora Minas Canteras y Ambiente. The three requests cover an area of 15,564 hectares. Guatemala: Marlin Gold Mine May Be SoldMonday, August 1, 2016 The sale of the mine is part of a marketing plan for some of the assets owned by the Canadian concessionaire Goldcorp. In addition to the operations of the Marlin mine, Goldcorp has put on sale its gold and silver mine Los Filos in Mexico, and also is studying alternatives to offload the Alumbrera mine in Argentina. Mining Company in Guatemala for Sale?Thursday, November 15, 2018 The Pan American Silver mining company reported that it is interested in buying the shares of Canadian Tahoe Resources, the company owning Mina San Rafael in Guatemala. Representatives of Minera San Rafael confirmed that interest exists by Pan American Silver, the world's second largest silver mining company with operations in Mexico, Peru, Bolivia and Argentina, in buying Tahoe Resources. El Escobal Mine Waiting for Operating LicenseFriday, May 4, 2012 Tahoe Resources, the Canadian company which bought the project from Goldcorp, has announced an investment of $500 million to extract the 300 million ounces estimated at the site. Tahoe Resources executives are only waiting for the Ministry of Energy and Mines (MEM) to authorize the operating license of the mineral project Escobal, in San Rafael Las Flores, Santa Rosa, in order to accelerate construction of a plant. India Mining Project Still ParalyzedWednesday, August 16, 2017 The mining company Cóndor Gold is trying to put an end to the blockades that the local population have held in place for ten days at the La India mine in Nicaragua. Exhausting all possible resources, the company Cóndor Gold is proposing a dialogue to the leaders of the group of local inhabitants who are protesting against the mining project in the municipality of Santa Rosa del Peñón. Less Legal Uncertainty, For NowTuesday, September 4, 2018 At last the Constitutional Court of Guatemala has spoken about the operation of Minera San Rafael, which has been paralyzed for more than a year, ordering a community consultation as a requirement to resume operations. The project has been halted since mid-2017, when the environmental organization Calas filed an application for a declaration of fundamental rights against the mine, arguing that the Ministry of Energy and Mines had not carried out the community consultations before authorizing the operation licenses. |
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Thursday, March 23, 2023 - last update: 4:52 am
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