HOY POR HOY
15/09/2014 - The decline in market prices determined Petaquilla Minerals suspended gold mining at its mine in Columbus, which significantly impacts the national exports, marked in recent years by the precious metal.
To raise cash, the company sold assets last year for 60 million dollars to fellow Canadian First Quantum Minerals, whose subsidiary Minera Panama develops infrastructure to extract copper from 2017. sustained and incrementing value of gold will almost always bet blindly believing maintained over time.
But it was not, as now seen. The question is, in the case of Panama, the State pays the mining companies which, irrespective of the fate of their business here, do not reverse the country keeping it as tradeable value.
This is without considering the environmental footprint of this activity. And as disturbing as this, royalties foregone surrounding communities and sources of employment cease with his paralysis. What brings the state to adopt policies that ensure the sustainability of resources, so we do not lose dazzled by the brightness of the ephemeral.
