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Saturday, 01/14/2017 2:09:28 PM

Saturday, January 14, 2017 2:09:28 PM

Post# of 26631
alex e. hernández 14 ene 2017 - 00: 00h topics: mici (ministry of commerce and industries) financial pacific cut supreme of justice petaquilla gold the deposit of where petaquilla extracted gold for a value exceeding the 200 million of dollars nowadays is a lake artificial that is has formed for the accumulation of water rain and waste extracted of the tubs of relave. robert cisneros twitter shares 4 facebook shares 20 send for whatsapp 0 email 0 have past three years since that is arrested the engines in the mine molejón, located in the district of donoso, province of columbus. the that was the epicentre of the exports of gold panamanian and that reached the 200 million of dollars among 2011 and 2013, today is a spot solitary supervised for a handful of agents of security that are responsible of that the structure existing not be vandalizada. the panorama of the mine operated for petaquilla gold, subsidiary of the canadian petaquilla minerals since 1997, is uncertain and not is looms a solution in the short term. besides of the problems financial, the authorities investigate the possible handling of the actions of petaquilla thru of the fall house of values financial pacific. while the holder of ministry of commerce and industries (mici), august arosemena, ensures that the concession is canceled, petaquilla indicates that maintains negotiations with investors for take up the operation in the mine. arosemena said that the cut supreme of justice avalo the decision of ministry of cancel the concession because to incumplimientos committed for the company. to principles of 2015 the mici warned to petaquilla that had 180 days for solve its problems financial and activate the operation in molejón. compliment the term in july of that year, the mici issued the resolution of annulment of the concession. before the decision of mici, the company presented a protection of guarantees before the cut supreme of justice, resource that was accepted in first instance, but after the result was contrary to the mining. arosemena commented that the state will seek reactivate the operation in molejón, but indicated that any transaction must involve the payment of the passive salary and social that owed petaquilla. "the company still must make front to all the demands for wages backward that add more of 15 million of dollars and the not payment of quotas to the insurance social", said. exactly, the president of petaquilla, richard fifer, faces a process judicial for allegedly break with the transfer of the payments of quotas to the box of insurance social and that were descontadas to the workers. george obón, spokesman and managerial of petaquilla gold, expressed that not have been reported of the annulment of contract and notes that the company received the concession thru of a contract law, for the which the dissolution of same must become thru of other law. said that before the panorama current where the value of the ounce of gold in the market international and the price of fuel is keep stable, the company is negotiating with three groups for activate the operation in molejón to end of year. "the activity in the mine is arrested, but we we continue with the maintenance preventive in the installations for avoid its deterioration", commented. surveillance environmental a of the concerns of the groups environmental is that the stagnation in molejón cause a overflow of the tubs of relave where is deposited the waste that were mixed with cyanide and other chemical. yamil sánchez, director national of quality environmental of ministry of environment (miambiente), expressed that the work that is performed to the middle of year past for strengthen the slope that protects the tubs of relave endured the season rainy to final of 2016 that was more intense in the side caribbean. commented that inspectors of ministry made a visit each 15 days to the project for to verify that not there risk of overflow and added that the work must bear other year. thru of disappeared program of help national (bread), that was replaced for the direction of assistance social (das), miambiente legal the cleanliness of the tubs of relave and work of maintenance for prevent desbordamientos of water stored in molejón. obón explained that the work that were executed for the company bluefin seroca environmental for 1.7 million of dollars were unnecessary, already that the company had made works similar for a amount of 200 thousand dollars. sánchez responded that during the inspections regular that made the technical of miambiente not have observed greater movement of personal of petaquilla, to exception of the guards. viability estimates not official point that the deposit of molejón still has among 3 and 5 years of life useful for follow producing gold, however, is necessary do a recovery of the zone for determine the feasibility of reactivate the project. at present, the deposit main of molejón is a lake artificial product of the accumulation of water rain and of the waste that were extracted of the tubs of relave. for zorel moral, president of the camera mining of panama (camipa), the project still is viable because is in a zone with high concentration of minerals. indicates that the stagnation of the activity in molejón, besides of management administrative and financial that did the mining, was the result of a combination of factors that includes the little supervision for part of state and a deficient operation for draw the gold. "the direction national of resources minerals of mici not has the ability technique nor financial for monitor all the activity mining in the country", he demarcated. comments that in mining there something that is known as planning miner, that is a schedule that is supervised for the state for achieve a management efficient of the mine for avoid cases as the of petaquilla. in its opinion the that passed is that the company decided exploit with greater speed the section of deposit that had more potential for utilize the price high of value of the ounce of gold in the market, but when decided draw of other part of the mine, that required of more work, the price of metal had fallen, and then was more expensive draw a ounce of gold, versus the profit that receive for the same. the president of camipa indicates that the bank worldwide is prepared to advise to the state for find the better option for reactivate the operation in petaquilla. the guild had approach with the organism that has advised to other countries that have problems similar and have shown interest in provide its collaboration. the bank worldwide is responsible of do a recovery of all the assets and passive of project, besides of the analysis for detect other deposit with potential inside of the concession of petaquilla. moral added that the results would be delivered to the state, that would be the responsible of search a new operator and that of the funds that is obtain of the new concession is him pay to the bank worldwide for the advice brindada. this proposal was presented ago more of six months to the mici, but until the date, the government not has manifested its intentions of ask the collaboration to the bank worldwide.

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