Legislators Exclude Mining Restriction From Environmental Law

The Assembly of Panama has approved, in its first reading, Bill 415 on environmental protection, without the article which eliminates existing mining concessions.

Tuesday, January 31, 2012

Panama's National Assembly approved on first reading Bill 415 which is related to the special protection of water, environmental and mineral resources in Cerro Colorado, with the omission of Article 5, which would have eliminated existing mining concessions and forced the companies operating there to suspend work.

Cerro Colorado is located in the Ngäbe Bugle county, and is considered one of the largest deposits in Latin America. "This copper deposit has 1.4 billion metric tons, according to the Ministry of Commerce and Industry (ICIM). In addition, 25 applications were approved for exploration of gold and other minerals in this region," reported Prensa.com.

In order to become law, the bill must still be approved in a second and third debate.

More on this topic

Panama: Amendments to Mining Code Approved

February 2011

The Panamanian National Assembly approved bill number 277 which amends the Mineral Resources Code.

The proposal, which was approved in first and second debate, was adopted with 42 votes in favor, 15 against and no abstentions and it adjusts fees and royalties to be paid for mineral concessions, which will increase to 5%.

Debate Over Panamanian Mining Code Reform

October 2011

The Commerce Commission of the National Assembly has begun discussing Bill No.394, which restores repealed articles in the Mineral Resources Code.

A press release from the Panamanian National Assembly reads:

The Commerce Commission began discussing Bill No. 394, which restores repealed articles in the Mineral Resources Code, Act 109 of 1973 and Act 55 of 1973, which, taken together, regulate the exploration and exploitation of metallic and non-metallic minerals.

Restrictions on Metal Mining in El Salvador

August 2012

Draft legislation presented by the Ministries of Economy and Environment has temporarily suspended procedures related to exploration and metal mining.

A statement from the Legislative Assembly of El Salvador reads:

The legislatative assembly has received a bill requesting the suspension of exploration and metal mining in El Salvador.

Natural Resources Law Unanimously Approved

March 2012

Panama's National Assembly have given final approval to law 415 which prohibits mining and protects water and environmental resources in the Ngäbe Bugle region.

A statement by the National Assembly of Panama reads:

By executive sanction Bill 415 amends the Mining Code.

Indians have rights to natural resources in Ngäbe – Bugle Region.

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