Announcing the approval by the Government of Panama of the multiphase-mine development plan for the Petaquilla copper-gold project

05 February 2012 | 16:25 Code : 5936 Geoscience events
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Petaquilla Minerals has announced the approval by the ...
Petaquilla Minerals has announced the approval by the Government of Panama of the multiphase-mine development plan for the Petaquilla copper-gold project. The main features of the contract include a stable land tenure, a favorable tax regime ( including accelerated depreciation and depletion allowance and exemption from all income taxes until the retirement of all construction financing, etc) and an assurance that future changes in legislation inconsistent with the contract will not apply to the mine owners. The first phase of developing the Molejon deposit will commence in 2006.

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