Despite vehement criticism from anti-mining groups in Panama, the fact is that, as Panamanian authorities have validated, “responsible mining” is practiced in the country thanks to the use of the most advanced technology available today. The proposed amendment to the Mineral Resources Code, which will be presented by the Ministry of Trade and Industry (MICI) to the National Assembly, is supported by this underlying assumption.
Currently, the only mining project that is in metal extraction process in Panama is Petaquilla Gold, S. A. which, under the direction of engineer Richard Fifer Carles, exploits the Molejon gold deposit, attending national and international environmental standards to preserve the environment.
MICI’s minister anticipated that among the modifications included in the new proposal by the executive is the one that allows the state to receive more revenues from mining so that these benefits revert to the Panamanian people.
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