{"id":31389,"date":"2021-05-18T10:40:34","date_gmt":"2021-05-18T15:40:34","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=31389"},"modified":"2021-05-18T10:40:34","modified_gmt":"2021-05-18T15:40:34","slug":"panamas-catastrophic-mining-deals","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panamas-catastrophic-mining-deals\/","title":{"rendered":"Panama”s catastrophic mining deals"},"content":{"rendered":"

\"\"<\/a><\/p>\n

What happened with the Molej\u00f3n mine, which was under the responsibility of Minera Petaquilla, thanks to a law contract granted in the administration of Ernesto P\u00e9rez Balladares (1994-1999), obliges the country to make a thorough review of the concessions for this activity.\u00a0It was precisely a PRD government that signed the contract with the mining company, which years later was declared unconstitutional by the Supreme Court.\u00a0In addition to being dangerously damaging to the area where the mine was installed, Panama was technically unprepared – and years later still is not – to inspect, supervise, audit, and monitor large mining projects.\u00a0The result of that contract was catastrophic for the country, which perceives such miserable benefits that, under current legislation and the contracts that have been signed,\u00a0It is only worth it for entrepreneurs who \u2014 yes \u2014 earn fortunes at the expense of the country’s resources.\u00a0Now we see how the Molej\u00f3n project failed to comply with its obligations to the State, such as the payment of royalties, \u00a0renewal of the environmental bond, environmental protection measures, and fees to the Social Security Fund.\u00a0At least, the PRD has the opportunity to remove what has been granted. –\u00a0LA PRENSA, May 15<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

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    What happened with the Molej\u00f3n mine, which was under the responsibility of Minera Petaquilla, thanks to a law<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,246,244,262,281],"class_list":["post-31389","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-safety-in-panama-panama-real-estate-bocas-del-toro","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"\nPanama''s catastrophic mining deals - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, 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