More Conditions for Mining Project

The future area of operations has been declared a protected area and the Panamanian authorities have imposed new requirements.

Monday, January 16, 2012

Inmet Mining Corporation, owner of Minera Panama, will have to meet new requirements in order to start building a copper mine in Donoso, Colon province, reported the National Environmental Authority (ANAM), as revealed by the Prensa Latina news agency.

Silvano Vergara, administrator in charge of the organization, said that after the Supreme Court issued a ruling recognizing that the district of Donoso is a protected area, the timetable of the mine would be altered.

The ANAM approved Inmet’s Environmental Impact Study (EIS) one day after the Court declared the affected area as protected, as it is part of the Mesoamerican Biological Corridor. Vergara said that it is now up to Minera Panama to apply to the Directorate of Protected Areas of the institution, to see whether it gets or not approval for the project.

More on this topic

Boost in Tourism in Protected Areas

April 2012

The Guatemalan Tourism Institute will promote fifty-one protected areas as tourist destinations.

Guatemala has 300 protected areas, although the authorities are promoting about 51 sites as tourist destinations within and outside the country.

The Guatemalan Institute of Tourism (Inguat) and the National Protected Areas Council (CONAP), with support from USAID / Countepart, have joined forces to launch the website www.turismo-sigap.com. Using this tool the user will be transported to a trip through protected areas in Guatemala. These places will also be promoted using social networks, reported Siglo21.com.gt.

Copper Mine Submits Environmental Impact Study

September 2010

Minera Panama presented its environmental impact study for its copper mining project.

Also known as Cobre Panama, the $3.5bn project is operated by Minera Panama S.A., 100% owned by Canadian corporation Inmet Mining.

Mercedes Morris, head of external relations at Minera Panama, explained that the 14,000-page study had a cost of $16 to $17 million.

Cobre Panama’s Environmental Report Approved

January 2012

The approval of the Environmental and Social Impact study is an important step that enables the entry of other investors into the project.

Inmet Mining Corporation announced that the National Environmental Authority of Panama (ANAM in Spanish) approved on December 28, 2011, a Study for Environmental and Social Impact Assessment (ESIA) necessary for the development of the copper mining project ‘Cobre Panama’, which includies mining operations and connected infrastructure, a port facility and a coal-fired power plant.

"Cobre Panama" Copper Mining Project for 2014

October 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.

According to MiningWeekly.com, "The company has completed a drilling programme on the project, and is compiling the data it will need for mineral resource and reserve statements", which Inmet estimates at 150.000 t/d throughput rate for 30 years.

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