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Inmet and Petquilla battle over Panama land rights

Monday, November 5, 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 Panamá copper/gold mine.

Inmet last week issued a statement in which it conceded for the first time that it needed access to the Rio San Juan and La Esperanza concessions to build a significant portion of its tailings facility for the Cobre Panamá project.

Petaquilla, which operates the Molejon gold mine near to the Cobre Panama project, maintained it continued to believe that Minera Panama would not be able to locate the tailings facility for its Cobre Panama project in the proposed locations without its agreement.

Source Mining Weekly