Panama: $ 84 Million Project in Danger

©image: Concrete Forms

The real estate project, developed by Panama Investment and Development Corp., located in La Chorrera, has not received final approval from the National Environmental Authority (ANAM) for its Environmental Impact Study.

The company threatened to abandon the project if permissions are not resolved by December, adding that these delays are the result of "revenge" by the Anam, whom the company accused of irregularities and corruption.

Anam denies these allegations and announced the project has several pending issues.

Source: Prensa.com

More on this topic

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.

Panama: Less Requisites for "low impact" Constructions

September 2010

Any projects in Category 1 will no longer require environmental impact studies (EISA for its Spanish acronym), those studies will be substituted by the use of "Good practices guides".

For the approval and execution of constructions in Categories 2 and 3, the environmental impact studies will stay.

Environmental Impact Study for Panamanian Metro

November 2010

The Metro Secretary reported that as of yesterday, November 25th, public consultation began for the study.

The process will include public forums in Panama City.

The process began after the National Environmental Authority (ANAM), through resolution 142-1911-10, admitted that project EIA Line 1 meets minimum requirements.

Panama Rejects Mining Exploration Project

March 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.

Mónica Palm, Prensa.com journalist, explained that "the concession that Cuprum has had since early 2006 is for conducting exploration for gold and other minerals in an area comprising 24.3 hectares, distributed in the province of Chiriquí and the Ngöbe Buglé Region."