Petaquilla Minerals Ltd. (PTQ) found mineral resources equivalent to 502.800 ounces of gold in the river Belencillo deopsit, an area where they recently won eligibility for exploration. The operations are known as Palmilla mine and works with Molejon in Donoso. The estimated mineral resources discovered contain about 19. 7 million tonnes of inferred resources at an average gold per tonne of 0. 50 grams of gold, 0. 18% copper and 0.54 grams of silver. The cost of gold is $ 1,600 per ounce, copper is $ 3. 54
The mineral resources which this small but bless country counts on, lets them share the important and distinguished thrown in front of country of the southern and northern region of the American continent, is highlighted in the newsletter “Guacamaya
Verde”, which dedicated its editorial columns to the urgent necessity that the country has, from the point of view, to legislate on anew legal framework regarding the mining industry for the benefit of all.
In the countries of the North and South America such as Canada and the United States, also as Chile, Bolivia and Peru, the mining legislation is n-sync not only with vanguard technology in its territory but also with the participative action and the self-determination of communities embedded or surrounding the large mineral deposits, underlines the editorial column of the newsletter “Guacamaya Verde” edited by the mining company Petaquilla Gold, led by the businessman Richard Fifer-carles.Rich Text AreaToolbarBold (Ctrl + B)Italic (Ctrl + I)Strikethrough (Alt + Shift + D)UnderlineUnordered list (Alt + Shift + U)Ordered list (Alt + Shift + O)OutdentIndentAlign Left (Alt + Shift + L)Align Center (Alt + Shift + C)Align Right (Alt + Shift + R)Align Full (Alt + Shift + J)Insert/edit linkUnlink (Alt + Shift + S)Insert/edit imageEdit CSS StyleInsert More Tag (Alt + Shift + T)Insert Page break (Alt + Shift + P)Toggle spellchecker (Alt + Shift + N)?
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The mineral resources which this small but bless country counts on, lets them share the important and distinguished thrown in front of country of the southern and northern region of the American continent, is highlighted in the newsletter “Guacamaya Verde”, which dedicated its editorial columns to the urgent necessity that the country has, from the point of view, to legislate on anew legal framework regarding the mining industry for the benefit of all.
In the countries of the North and South America such as Canada and the United States, also as Chile, Bolivia and Peru, the mining legislation is n-sync not only with vanguard technology in its territory but also with the participative action and the self-determination of communities embedded or surrounding the large mineral deposits, underlines the editorial column of the newsletter “Guacamaya Verde” edited by the mining company Petaquilla Gold, led by the businessman Richard Fifer-carles.
Panama’s mining legislation that actually governs this industrial activity in the country –highlights the July-August bimonthly bulletin “Guacamaya Verde”- is not consequent with an equitable balance concerning economic, social and social mobility o human development that allows, even more, to improve the life quality of the residents that live close to these projects.
For this reason, among other exposed criteria set out in the main opinion, Guacamaya Verde, states that in front of this reality, the government must update the legislation of the mining industry in general, with the purpose of putting it at the same level as the other countries of the region that develop these activities in their respective countries.
The newsletter “Guacamaya Verde”, published by the Petaquilla Gold S.A. Company, led by the businessman Richard Fifer-Carles, whose motto is “at the service of the public truth”, it’s also published in its website and can be found at www.mineriamoderna.com
By encouraging the development of projects to enhance tourist appeal of rural communities in the central region, the Castilla del Oro Foundation, under engineer Richard Fifer Carles’s vision, pretends that the economic spill from this activity come directly to communities as an alternative to the great development that construction of beach hotels is going through bringing visitors under “all inclusive” packages.
The foundation’s executive director, Jorge Isaac Obon, said they have already begun development of tourism, performing works such as the restoration of Natá’s square, in which government has made the biggest investment, while the organization donated the central monument and four shells around it.
He also said it plans to restore the park and the San Francisco de La Montaña church, Penonomé’s park and St. Sebastian’s Inn in Ocu. “What we want is that when tourists leave the hotel they leave money in the communities they visit, whether buying a shirt, a drink or a coffee,” he said.
Within a great range of projects driven by the Castilla del Oro Foundation, under engineer Richard Fifer Carles’ vision, is the renovation of the structures that constitute an icon locally and nationally, a work that once its finished, will give a new image to this quaint community immerse in the Herrera province.
In January of this year, Ocu’s mayor, Juan Baxter, requested the government to assign a sum of money to renovate the deteriorated structures of the San Sebastian Inn of Ocu, as well as to elevate it to the category of historic patrimony. Such request was presented upon request of the people of that community, while the mayor waits for the Panamanian Tourism Authority to conduct a study of the works needed.
The works the Castilla del Oro Foundation will perform, have a cost of 250 thousand dollars and currently are in the process of lifting the project, for which they have hired a restoration architect, who will be in charge of making the design that will bring back the splendor to this iconic structure.
It is a fact that the current Mineral Resources Code suffers with legal loopholes that prevent them to face illegal mining, stated the minister of Foreign Affairs, Robert Henriquez, who pointed out that not only was it about increasing the royalties that were paid to the State, but about the environmental measures and more severe penalties to apply.
The minister made this statement in a ceremony where the Petaquilla Gold, S. A company, paid royalties to the Municipality of Donoso, in a ceremony where Henriquez pointed out that the company led by engineer Richard Fifer Carles, has not suffered any incident in which a mining worker has been affected.
Henriquez regreted that since they abolished the Mining Code reforms there is a “legal loophole, the government has been left without the “legal muscle” to be able to face illegal mining in a more energetic way
Through the “Petarcilla” project, the Petaquilla Gold, S. A. company, with the direction of businessman Richard Fifer -Carles, has implemented the use of Brazilian technology, machinery and equipment, for the manufacturing of blocks and shingles, taking advantage of the non-mineralized material extracted from the Molejon mine, product of the lixiviation process, to produce clays.
So it was pointed out by Petaquilla –Gold, S. A. in a paid ad in La Estrella newspaper, in which it is emphasized that the idea is to supply the construction material demand in the areas close to the gold site, to improve their quality of life through the manufacturing of clay products, bricks and shingles, following the regulations of the Comision Panameña de Normas Industriales y Tecnicas (Panamanian Commission of Industrial and Technical Regulations).
The project is carried out by the subsidiary company, Panamá Desarrollo de Infraestructura (PDI for its acronym in Spanish, Panama Infrastructure Development), and its idea is to take advantage of the subproducts generated by the gold extraction, in an activity that will extend for about 15 to 20 years, once the mining reserves have been exhausted.
The biodiversity of the Panamanian people is for many the biggest difficulty to apply initiatives that incite progress in the interior regions of the country. However engineerHowever, the World Commission on Environment and Development, popularlel Richard Fifer-Carles, that leads the Mining Project Molejón (Colón – Panamá), seeks through the Petaquilla and La Castilla del Oro Foundations, the sustainable development, through corporate and participative jobs in the region. The Foundations are the support channel that sponsors the development of La Castilla del Oro, the support from the local authorities has been a key piece for the popular participation.
The work is applied in a matrix with eight fundamental ideas: Comunity Organization, Health, Education, Sports, Adopt a protegé, Production modules, Donations and Your Summer in Cocle. Based on this line of work the basic needs that allow the progressive development of the zone are covered.
The recommendations to recover the church of San Francisco de la Montana, in the province of Veraguas are based in the international intervention criteria and tendencies for monuments, which leads to recovery.
The announcement was made so the sub director of the historical heritage of the National Institute of Culture said that they have requested to the Castilla del Oro Foundation, which are in charge of the development of the plans to keep the professional job they have being doing until now, so the historic value of the monument can be respected, creating a transition element to avoid false historic notes, a situation that is very consistent with the submitted proposal, and they are aware of the intervention that they would do, it’s not a negative intervention but a positive one, that represents the present time in which is being developed.
The engineers of the Castilla del Oro Foundation, led by the businessman Richard Fifer Carles have maintained the stance very consistent with the international recovery guidelines for monuments and the criteria that has been outlined has being well received by them and for this reason they consider that the project will emerge and would be a very nice project that would start soon.
When visiting the Petaquilla Mine the area that makes the best impression is the area granted, emphasizes the Puntos de vista column of the Panamanian Industrial Union, published in the national section of the Panamá newspaper in its dominical Edition of September, IP, which is the best preserved, because aside from the excavations, everything else is forests.
This contrasts, says SIP, with the area that is outside the grant, reduced to degraded pasture grounds, where no single cow graze any longer, and where all the trees have been cut down, something that has not happened in the granted area, since the mine – led by Richard Fifer – Carles- does take care of the forests.
In the area granted by the State to Petaquilla Mining the company develops reforestation programs and training to the sector residents, as well as collaboration with the health and education improvement in the area, through bovine improvement programs, nutrition programs like school and family fruit or vegetable gardens; as well as egg-laying hens program, among other important ones.