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Topic - Panama
Mar 06, 2015
Top terminal operators are battling for a contract to manage and operate a new terminal that is nearing completion at the Port of Mombasa, in Kenya. According to the Kenya Ports Authority (KPA), 19 international companies have presented their bids for a contract to...
Jan 27, 2015
Base metals miner First Quantum Minerals late on Monday reported record copper output during 2014, noting that the current year would see its Zambia operations benefit from increased synergies as its new smelter was being commissioned and its new Sentinel mine...
Jan 23, 2015
The Kenya Ports Authority (KPA) intends to hire an independent operator to take over the management of the second container terminal that is under construction at the Port of Mombasa. To increase efficiency, the KPA has already floated an international tender for the...
Oct 31, 2014
The Penonome project is expected to be the largest wind power project in the Central America and Caribbean regions.
Sep 30, 2014
The TSX-listed stock of base metals miner First Quantum Minerals on Tuesday fell by as much as C$0.51 a share after the company revealed that a strike at its Guelb Moghrein copper/gold mine, in Mauritania, had negatively impacted on the operation’s expected output by...
Sep 19, 2014
The third shipment of four gates for the new locks of the Panama Canal expansion project has arrived at the Atlantic entrance of the waterway on September 7.
Aug 15, 2014
The Panama Canal expansion has reached another important milestone with the transfer of the first gates to the new locks complex on the Atlantic side.
Aug 08, 2014
Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard...
Aug 01, 2014
Jun 27, 2014
Jun 17, 2014
May 27, 2014
May 13, 2014
Dungannon, Northern Ireland - Terex Washing Systems are delighted to announce the launch of a dedicated Centre of Excellence in Louisville, Kentucky. Following the appointment of a Regional Sales and Distributor Manager in NA last year, coupled with the official...
May 12, 2014
Gold miner Petaquilla Minerals on Monday said that an agreement to completely separate its Molejon gold mine from base metals miner First Quantum Minerals’ Cobre Panama copper/gold mine, located in Panama, would recapitalise and reposition it to pursue new growth...
May 08, 2014
Gold miner Petaquilla Minerals and base metals miner First Quantum Minerals on Thursday struck an accord that would see Petaquilla receive $60-million for transferring a range of assets and property rights. The agreement was aimed at completely separating First...
Mar 31, 2014
Cobre Panama
TSX-listed Petaquilla Minerals on Monday said that it was in discussion with base metals miner First Quantum Minerals regarding the relationship between the two companies with neighbouring projects in Panama, to ensure the development of the $6.425-billion Cobre...
Mar 17, 2014
After base metals miner Hudbay Minerals on Friday extended the deadline of its hostile bid for copper project developer Augusta Resources, and removed the minimum tender requirement that at least two-thirds of shares be tendered, Augusta on Monday hit back, saying it...
Mar 11, 2014
La India
While several regions in the Central American isthmus might be perceived as being “closed” for mining investment, the largest country in the region, Nicaragua, is “open for business”, the country’s general director for mining at the Energy and Mines Ministry (MEM),...
Jan 29, 2014
A new index by the Gordon Institute of Business Science (GIBS) has provided “empirical” proof of Africa’s growth story, however, the Middle East has also emerged as strong performer. The GIBS Dynamic Markets Index (DMI) showed that progressive structural strange in...
Jan 28, 2014
Vancouver-based base metals miner First Quantum Minerals on Tuesday announced that it planned to lift the copper production capacity at its flagship Cobre Panama project, in Panama, by 20%; however, it would cost more to build and the start-up would be delayed....
Dec 10, 2013
Canadian base metals producer First Quantum Minerals on Tuesday said it had decided to design and build an expansion to the 1.2-million-tonnes-a-year copper smelter and to defer completing the Kansanshi sulphide expansion until 2017, when the smelter expansion was...
Nov 27, 2013
Panama's economy accelerated in September, as strength in the mining and construction sectors made up for slow traffic through the Central American nation's trademark canal and ports. Economic activity rose 8.15% in September compared to the same month last year,...
Oct 25, 2013
Standalone electricity generation sets (gensets) can be used to manage the resulting power produced by solar thermal and solar photovoltaic (PV) renewable-energy generation plants and can also be used to provide electricity in a rural area as part of a hybrid...
Aug 01, 2013
TSX-listed base metals producer First Quantum Minerals has reported a 49% drop in second-quarter earnings as the prices for copper and nickel dropped. The diversified miner reported net earnings of $71.9-million, or $0.12 a share, down from $142-million, or $0.30 a...
Jul 19, 2013
National Treasury issued a media statement on July 5 extending an invitation to interested parties to submit comments by August 5 on the Draft Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill 2013.
May 17, 2013
On April 30, the International Chamber of Commerce (ICC), released its newly revised International Code of Direct Selling, which it developed in close cooperation with the World Federation of Direct Selling Associations (WFDSA), which represents the basis for direct...
Mar 29, 2013
The project is more than 50% complete.
Mar 22, 2013
Vancouver-based First Quantum Minerals on Friday said it had succeeded in securing a total of 60.12-million shares of rival Inmet Mining through its C$5.1-billion hostile takeover bid for the company, representing 85.5% of the company’s outstanding stock First...
Mar 15, 2013
Mega engineering project the Panama Canal Expansion, in Panama, is being enlarged to double its capacity and accommodate cargo ships carrying up to 12 000 twenty-foot equivalent units (TEUs), compared with its current capacity of handling only 4 400 TEUs.
Mar 13, 2013
Base-metals miner First Quantum Minerals on Tuesday said it expected to close its C$5.1-billion hostile takeover bid for Inmet Mining on March 21, after unveiling Inmet shareholders had tendered about 61.45% of the company’s outstanding shares to the offer as on...
Mar 08, 2013
Base-metals miner First Quantum Minerals on Friday said it has received approval under the Investment Canada Act from the Minister of Industry and Minister of State for its C$5.1-billion hostile takeover offer of Inmet Mining. "Approval under the Investment Canada...
Feb 26, 2013
Toronto-based Inmet Mining and Panama-focused miner Petaquilla Minerals on Monday reached a $150-million commercial agreement for the companies’ projects in Panama. Under a binding term sheet, the two companies have resolved a number of issues related to aggregate...
Jan 09, 2013
Canadian base-metals miner First Quantum on Wednesday said it has formally mailed a C$5.1-billion takeover bid circular and related documents to Inmet Mining shareholders in an attempt to gain control of the smaller company’s significant Cobre Panama copper/gold...
Dec 18, 2012
TSX-listed Inmet Mining on Tuesday said it has closed a $500-million senior notes offering to be used for the construction of its giant Cobre Panama copper mine, in Panama, and for general corporate purposes. The notes carry a yearly interest rate of 7.5% and will...
Dec 14, 2012
Base-metals miner Inmet Mining on Thursday announced it has increased the proven and probable reserves at its 80%-owned Cobre Panama project, in Panama by 27%. The additional mineral reserves from the Balboa, Brazo and Botija Abajo deposits increase Cobre Panama's...
Nov 28, 2012
The price of Toronto-listed Inmet Mining’s shares responded positively to news that the company had adopted a shareholder rights plan, which is intended to give the board and shareholders enough time to evaluate unsolicited takeover offers. Canada-based Inmet said...
Nov 16, 2012
Panamanian impressionist and engineer Eduardo Navarro is exhibiting his work, inspired by wild horses, in South Africa, as part of a Panama–South Africa bilateral arts and culture exchange programme.
Nov 13, 2012
Shares in Toronto-listed Inmet Mining on Tuesday fell by 4.23% after the base metals producer denied it was in discussions with “any party” regarding the potential sale of the company or any part of it. Inmet released a statement following an unsourced report...
Nov 02, 2012
The acrimonious relationship between Panama-focused gold miner Petaquilla Minerals and project developer Inmet Mining had deepened with the two companies at loggerheads about land-use rights adjacent to Inmet’s giant Cobre Panama copper/gold mine. Inmet on Thursday...
Nov 01, 2012
British Columbia (BC) securities regulators had rejected Panama-focused miner Petaquilla Minerals’ shareholder rights plan, dealing the company a blow in its bid to fend off a $140-million hostile takeover offer from Canada-based Inmet Mining. The BC Securities...
Oct 29, 2012
The board of TSX-listed Petaquilla Minerals said it unanimously recommended shareholders reject Inmet Mining’s increased hostile takeover offer announced last week Thursday. Petaquilla said it continued to explore strategic alternative transactions, including...
Oct 16, 2012
TSX-listed Inmet Mining on Tuesday said it was prepared to let its C$109-million hostile bid for Panama-focused miner Petaquilla Minerals expire, owing to not needing revenue from Petaquilla’s Molejon mine to see its flagship Cobre Panama copper/gold project through...
Oct 15, 2012
The board of TSX-listed Petaquilla Minerals unanimously rejected a C$109-million hostile takeover bid from Inmet Mining, saying the offer undervalued the company and its potential growth prospects. Petaquilla's board of directors recommended shareholders reject...
Sep 28, 2012
Toronto-listed Inmet Mining on Friday filed its formal $112-million takeover offer for fellow-listed gold miner Petaquilla Minerals with Canadian securities regulators and mailed the offer and related documents to shareholders. Petaquilla had previously cautioned...
Sep 06, 2012
Base-metal producer Inmet Mining on Wednesday said it intended to make a C$112-million takeover offer for Panama-based Petaquilla Minerals. The company said its 48 Canadian-cents-a-share offer represented a premium of 37% over Petaquilla’s Wednesday closing price of...
Aug 27, 2012
Bel-Ray Company, Inc. – the leading USA-based specialty lubricant company is pleased to announce a partnership with MARCO Peruana, a leading mining service company based in Chile, with entities in Peru and Panama, for distribution of their Mining and Marine product...
Aug 20, 2012
Toronto-listed gold royalty and metals streaming company Franco-Nevada on Monday said it had agreed to a $1-billion funding deal with Panama-focused mine developer Inmet Mining. In return for funding a portion of the $6.2-billion Cobre Panama...
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