Petaquilla, Modern Mining



Posts Tagged ‘donoso’

Petaquilla – News, Environmentalist challenged

Monday, September 13th, 2010

Petaquilla employees drink water from rivers nearby the mine to show that there is no contamination, Salazar said that Coclesito water can be consumed, although environmentalists accuse Petaquilla of having contaminated the water.

Carlos Salazar -  PetaquillaCarlos Salazar -  Petaquilla

RAMOS Torrera Lineth – El Siglo
Representatives of the Petaquilla Gold mine rejected the arguments of farmers and environmentalists about the pollution of the Coclesito river and to prove it they bathed in the water and even drank water directly from river.
Carlos Salazar, in the presence of the media, bathed in the river with his son and public relations representative Fernando Rodriguez. “Petaquilla is accused of having polluted rivers, mainly Coclesito without scientific evidence, and have alarmed the people to later interview them.” said Salazar.
842 square Km is mine Molejón 300 thousand cubic meters has the tub.
He stated that the mining company is not using seven tons of cyanide and is not destroying the water sources in the region, as stated by the environmentalists.   He explained that in the operational phase they have taken advantage of the high level of rainfall, which increased levels of the tub of tailings, to say that there was spill, which is not true.
They also argued that theoretically the mine consumes 1800 cubic meters of water a day because the tub has a pumping capacity of 45 cubic meters per hour, but as rain fills it, they do not get to use 45 cubic meters, or much less 1800 per day.
Salazar said that Coclesito water can be consumed, although environmentalists accuse Petaquilla of having contaminated the water.
Leak
They say there is no danger to the level of landslide tubs
Location
They are in District Molejón Donoso
Research
Ancon Anam and take samples of water from nearby rivers

History shows that of 100 applications for exploration, two become mines and so Panama at its best will have 6-7 mines, which would have a surface of 3.500 to 4000 hectares, equivalent to 40 square kilometers, said Salazar.
It was a challenge without proof
The environmental Raisa Bainfield said she saw no evidence that Salazar was drinking water from the affected rivers.    “That bathing and drinking water from the rivers has no merit. That was will determine whether there is contamination or not is a committee of national experts that investigates the mine, and I say international because the government is biased in this issue, “said Bainfield, while trying to establish her theory that the mine is detrimental to the community.

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Petaquilla – News, GOLD activity is reactivated in Panama

Friday, August 13th, 2010

Petaquilla confirmed by its CEO Richard Fifer, has managed to extract about 32,000 ounces of gold during these seven months, which averaged 6.000 ounces of gold per month, and could potentially produce 10,000 ounces per month.

gold - petaquilla

$ 23.8 million were generated in the extraction during the first half of 2010 however, in 2009 it was only $ 1.7 million, experts say these numbers reflect the operation of one business.
Chi Grace Kelly
PA-DIGITAL
Panamanian gold exports are primarily destined to Canada. With over 30 years of exploration of potential gold deposits in the country and surviving the ups and downs of international price changes, the mineral extraction of gold quoted today in Panama is a reality that, despite opinions for and against, has in just months, skyrocketed.
The revival of gold export from the country changed from 5.749 in 2009 to 33369.168 ounces of gold during the first half of 2010, according to the Comptroller General of the Republic, adding that revenues in this activity rose from $ 1.5 million to $ 23.8 million in that period.
The figures, according to the Mining Chamber of Panama and experts in the field is due exclusively to the Petaquilla Gold SA, operations in the Donoso district of Colon, which entered its first semester of commercial extraction of gold, and already pays royalties to the State, of which not all agree on the amount.
The Petaquilla Gold mine confirmed by its CEO Richard Fifer, has managed to extract about 32,000 ounces of gold during these seven months, which averaged 6.000 ounces of gold per month, and could potentially produce 10,000 ounces per month, once it reaches a point of working at maximum capacity, which would be in 2012. So, today the total extraction coincides almost entirely with the country’s export figures.
The country under the contract signed between the State and Petaquilla Gold SA, gets 2% royalty on sales of the company, which would result in $1.7 million, and the change promoted by the current Government of 4% royalties would be $ 4.8 million that the company would cancel the first semester this year.
This figure is minimal, in the opinion of Felix Wing, Executive Director Environmental Advocacy Center (CIAM), which explains that “these royalties do not compensate all the tax exemptions or tax credits provided for in the Contract. ”
In this regard, Rodrigo Esquivel, director of Petaquilla Gold SA, said that ” income tax would be paid when the investment is recovered which could be in 2015, but they are contributing to the country generating at least 750 direct jobs.
“We pay all rights under law for all out employees, insurance and taxes, worker-employer share “said Esquivel.
Richard Fifer, founder of the company, added.

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