In order to acquire heavy machinery, the Petaquilla Gold, S.A. Company which is lead by business man Richard Fifer Carles, agreed to a leasing structure with a Panamanian bank institution. According to a company statement, the agreement was made between the bank and Panama Desarrollo de Infraestructuras, S.A. (PDI), a subsidiary of infrastructures of the company.
This leasing would allow them to purchase heavy machinery like trucks and bulldozers to operate independently, offering better rates to the company and reducing the global cost of operation, the press released reveled.
According to the agreement, PDI would pay monthly quotas of 221 million 700 dollars, during the next 4 years with the option of buying the machinery at the end of the period by an additional payment of 235 thousand dollars.
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Richard Fifer Carles, agreed to a leasing structure with a Panamanian bank institution.
http://richardfifertoday.com/
Richard Fifer and Petaquilla acquire heavy machinery to develop their new projects.
http://richard-fifer.com/
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http://richardfifertoday.com/
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