The Industry Ministry and the National Environment Authority authorized the commercial operation of the mining operation.
Roberto Henríquez, Commerce Ministry, remarked that after several negotiations, they managed to achieve more benefits for the Panamanian state.
"The company promised to pay 4% of its gross income to the State as royalties, once they start commercializing the precious metal. The original contract established a royalty of 2%", reported Prensa.com.
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