Replies to post #11502 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

The President announced, at another event where the press was present, that he would be calling a Special Session of the Asamblea National to take care of two issues. First, the ratification of his choices for the two new Supreme Court Judges that will be seated on January 2, 2012, to replace two whose term ends then. Second, to complete the Debates, we are in the Second, of Bill #394 the new mining code and pass that into law.

This week is the celebration of Independence from Colombia, like 4th of July week in the states, and the country is on holiday. New week, I imagine, the President will formally call the Special Session of the NA. It is just like the President of the USA calling Congress back into Special Session.

Whenever the start date is, I am sure it will be in all the papers and the session will commence just like it does in the USA. Obviously, it will have to be completed by the end of the year. My guess it will be sooner rather than later and relatively short since it cuts into the vacation time of the Diputados in the NA, as well as the whole Executive Branch. This screws up vacations, family plans, etc., and politician's smoooze time in their districts!

Bottom line, we will have a new mining code and the indians put down well before Christmas. Sorry if I was not clearer in my previous posts.

[mjkiii]

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La Prensa 4/11/11 1200:
Minister of Trade and Industry, Ricardo Quijano, said the realignment of the articles of Mineral Resources Code , the appointment of judges of the Supreme Court and the ratification of the treaty between Peru and Panama are three topics to be discussed in special session.

Quijano told Prensa.com that the world can not live without mining, which has to Panama is "responsible mining, a mining care for the environment, a mining communities agree."

This Tuesday, November 2, President of the Republic, Ricardo Martinelli, confirmed that the National Assembly convened a special session to session. The second term of the regular session ended last October 31.

Quijano, meanwhile, had announced on October 30,which I posted on 11/2/11, as part of the XXXVIII Iberoamericana Assembly of Chambers of Commerce president he would ask that the bill restores the Mineral Resources Code was discussed at extraordinary, given that it considers There is anarchy in the country as a result of the repeal of Act 8 of 2011.

In this regard, the minister said and agreed with representatives of the area around Bugle Ngäbe the reinstatement of the articles that were repealed. "There will be an article that specifically tell you opt out, will not give any metal exploration and exploitation in the regions of the country," he said.

That's what they asked Quijano-stressed and we are going to give it, we're going to give as a country, we meet as we have said, and in extraordinary session we will spend the second and third law debate.

Ngabe Bugle Indians have defended in the streets, with protests and street closures right to be consulted on this and all issues involving the land they inherited from their ancestors.

As for other issues that could be brought into special session, Quijano said that the President [Ricardo] Martinelli has to appoint several Supreme Court judges and he (Martinelli) thinks that in that same period, those judges can ratify.

Moreover, he said, we are asking to include the ratification of the treaty we signed with Peru, as they are only waiting for Panama to take that stage: "It's a very good deal for our producers, there are many producers of the agricultural and industrial, the treaty that are waiting to send their products to Peru. "