Replies to post #23895 on Petaquilla Minerals Ltd. (fka PTQMF)

[badge792]

Wow, how the tides have changed for the worse. There is nothing good about this article....nothing at all.

I have a feeling someone is going to say that Steve has his facts wrong, and instead of a "strained relationship" between PTQ and FQ as stated in the article, everything is great.

Apparently the mediation has to do FQ not paying what they owe from the prior agreement. If we are successful and they are forced to pay what they owe, then we are no better off when the original deal was worked out.

[bobby1231]

Minera Panama sharpens contradictions Petaquilla Gold

the February 26, 2014 .


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PANAMA (PL) -. Transnational mining company Firts Quantum, owner of Minera Panama building a giant copper mine in Donoso, Colón, heightened Petaquilla Gold with their contradictions in a territorial dispute.


Transnational, Canadian and South African capital, is accused of disinterest in a mediation process holding the Ministry of Commerce and Industry (Mici) of Panama, with Petaquilla for breach of agreements on the respective concessions.


The Petaquilla gold deposits are adjacent to those of Minera Panama whose Canadian specialists estimate the mineral reserves in copper has a greater than 30 year life with a production of 255 thousand tons per year.


The Mici cited on 7 February for the first time both sides and then the 10, but has not attended Minera under different arguments despite the harm to the inhabitants of the area.


Mediation seeks a solution to the conflict in whose center is a 2005 agreement violated by First in which each company agreed to lease an area of ??gold found in the case of Petaquilla Gold, copper and Minera Panama.


This last performed in 2010 an application for lease of a polygon of just over seven thousand 453 hectares for copper project, but that area is Petaquilla concession which filed an opposition to the National Land Management Authority.


The attitude of Minera Panama, which has reduced native personnel in their contracts, affects surrounding communities, as expressed by residents of Cocle and Colon area where mining projects which established that the Mining Chamber and develop own Petaquilla GoldPetaquilla Minerals Ltd. : Nears Closure on Material Transaction and Informs All Parties are Committed to Closing by the End of February 2014


02/26/2014 | 11:27am US/Eastern

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By a News Reporter-Staff News Editor at Clinical Trials Week -- Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of Panama - a region known historically for gold content. In addition, the Company has exploration operations at its wholly-owned Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.