Business & Commerce

Panama Government Authorizes Molejon Mine

Topics::

Minera Petaquilla S.A., Petaquilla Minerals Ltda., mining, gold mine, mining, Metal mining, mines, mining permits, Mining & Geology

Source: CNNMoney.Com
Thursday, November 19, 2009

Molejon gold mine, owned by Petaquilla Minerals, received approval for its commercial production stage.
The mine is located in the District of Donoso, Province of Colón. Its production is estimated at 2.200 tonnes per day.

"The Government of Panama highlighted that Molejon will be the country's first mining project of modern times and encouraged the Company to maintain its highest standards of responsible mining as it leads the way to a socially and environmentally conscious mining industry in Panama", reported the company in a press release.

Related resources

Panamanian Gold Mine Secures $40 million - Mar 27 09 (120%)

Panamanian Mine Gets an Additional $11.6 Million - Mar 15 10 (87%)

Petaquilla Produces 6,000 Ounces of Gold per Month in Panama - Jul 6 10 (83%)

Petaquilla Minerals Negotiates $70 Million in Credit - Apr 14 10 (74%)

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Empresa Minera Manantial S.A.C

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