Petaquilla, Modern Mining



Posts Tagged ‘Rodrigo Esquivel’

Gifting of Christmas Baskets to the employees of Petaquilla Gold, S.A.

Friday, December 24th, 2010

December 21, 2010 in the District of La Pintada, Richard Fifer and  Rodrigo Esquivel, President of Petaquilla Gold, S.A delivered Holiday baskets to all the employees as is the custom every year, as a small token of appreciation and to celebrate Christmas.  The presentation was a success and all where satisfied and grateful for the contents of their baskets.

Gifting of Christmas Baskets to the employees of Petaquilla Gold, S.A.

Gifting of Christmas Baskets

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Petaquilla – Article, Panama learns from Chile Miners

Thursday, October 21st, 2010

Petaquilla Staff responsible for this mining project in Panama, congratulate the people of Chile

EDITORIAL
Mankind just lived through an event that could be described as epic, after Chile, represented by its leaders and supported by the entire country, all its resources including solidarity, support and unconditional love throughout the world, by means of mass communication, managed to rescue the 33 miners with their stories, sorrows and joys.

From the moment you knew of the collapse of the San José mine in northern Chile, the hearts of men and women worthy and noble joined in prayer, a prayer asking our creator that they be alive. Two weeks later on of the bits tapped back with a message stating “the 33 of us are fine in the place of refuge”, one of several shelters that are part of the design of any underground mine, in which first aid supplies, food and water, tools and equipment are stored and are vital, as indeed they were, for the odyssey lived by our mining peers in Chile.
Once again it proves that things can be done well, even when the misfortune, due to force majeure or acts of God are the determinants in unexpected or undesirable situations and all efforts of the Chileans as a team and friendly countries that assisted, yielded the expected results, the successful rescue of 33 miners into the waiting hands of their families. Including our Bolivian mining brother, who had only been hired five days prior to the incident. It is expected that he and his wife are both saying that he will never work in a mine again. It is normal for his wife and himself to be saying that never again would he work in a mine. He got that job temporarily, he is not a miner by choice, so his sense of belonging and identity is different to the other 32 Chilean miners who confessed with pride to be the son, grandson, great-grandson of miners and would return to their jobs as soon as the situation is back to normal.
Voices of the world, among whom were leaders, politicians, writers and athletes, one of them David Villa of the Spanish national team and FC Barcelona, the son of miners from Asturias stated with great joy and understanding for the miners, how happy he was with the results after two months and 69 days of uncertainty.

The Miner, a publication of the mining project Molejón of Petaquilla Gold, Engineer Richard Fifer, the father of modern mining in Panama, Mr. Rodrigo Esquivel and company staff responsible for this mining project in Panama, congratulate the people of Chile, its rulers, the Chilean mining industry and the rescued miners and their families for this triumph of life and of human ingenuity in adversity as they cheered the rescuers, journalists, officials and miners every time one was brought to the surface: “Chi, Chi, Chi, le, le, le, the miners of Chile yelled. Viva Chile, mining and the lives of rescued miners.

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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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