Petaquilla Minerals Ltd. (fka PTQMF)

[Geico]

Indigenous proposed project is canceled Barro Blanco

The Indian leadership of Ngäbe-Bugle proposed this Wednesday, February 29, to cancel the concession to develop the Barro Blanco Hydroelectric Project, located in area attached to the region.

According to the document where the proposal was captured, the Indians proposed that the government compensate the company that builds the project.

After hearing the announcement, the Government Minister Jorge Ricardo Fabrega said that "we ask for responsibly, long enough, so we can respond responsibly."

"This is very serious about what you are asking ... This is not about to answer in a day or two lightly, what you are asking here goes far beyond what they've been asking all these days," Fabrega said.