Richard Fifer

Father of the Panamanian Mining

July 5th, 2010

Increase in mining provides job opportunities

News, Uncategorized, by admin.

Richard Fifer Site – Last year, mining had an increase of 67 percent.

Vielka Montenegro Effio
An increase in the mining sector in relation to previous years is reflected in the statistics provided by the Comptroller General of the Republic. This will lead to better job opportunities, said the Director General Mineral Resources Ministry of Trade and Industry, Alfredo Burgos. Burgos noted that the 104 percent increase in this sectoris due to the amount of concession request which involve a 4 million dollar investment in the country, followed by the rubric of mines and quarries an increase of 65 percent noted that it is the second year of growth. Last year, mining had an increase of 67 percent.
Burgos explained that the Director of Mineral Resources has granted concessions, both extraction and exploration, for about 6% of the country.
He adds that this year there were a total of 46 mining concessions for metal mining such as gold, silver, copper and manganese, and 83 for non-metallic sand, clay, limestone and quarry stone production. These concessions have generated approximately 2000 jobs in the sector. On the other hand, Burgos stressed that the mine in Remance Veraguas began in 1991, 2.2 million dollars from gold and silver, which caused an increase of 100 percent, compared to the previous year when production started. . .
Finally, Burgos noted that the increase in mining benefits many Panamanians, generating sources of employment and contributes to development of rural areas, with the construction of roads and the advent of electricity to these remote regions.

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