Petaquilla Minerals Ltd. (fka PTQMF)

[Chileanmafia]

Most people here in Panama feel that mining is a negative industry - Inmet has had a number of protests outside of its offices (which is located in the same building as the Canadian Embassy) Torres De las Americas. They also have had their access road closed several times over the years (this is the stuff you don't get to read in press releases from the company)...

What you have to put into perspective here is that the official unemployment rate in Panama is under 5% - the economy is doing very well and there is money for most people with the exception of the Indigenous people - who are used as pawns by the political opposition to kick Martinelli in the As*.

What is important is - if the opposition see Inmet as an opportunity to kick Martinelli in the as* - then Inmet will have a serious problem.


I believe the other problem Inmet will have in the near future is that they are too close to the CD and when the government changes in 2014 (and if my memory serves me correctly the 20 year permit on the Petaquilla concession will have to be renewed by the new government in 2016) - they could get spanked....