The new reforms made to the Code of Mineral Resources will open new doors for the exploitation of metallic deposits with respect to environmental standards and ensuring that once mining projects culminate, the impacted areas will undergo a process of recovery and natural regeneration.
For the biologist and mining geologist, Daniel Esquivel, “this reform will stimulate and regulate the exploration and extraction of minerals, primarily through the initiative and private investment in the entire territory of the country.”
He said that at the same time, this standard will promote the vigorous development of research, transportation and the necessary or desirable benefits, to ensure the availability of these minerals on a national and international scale.
In this scenario, Panama will be operating mining projects that look towards the most demanding international standards to ensure respect for environmental and social policies as well as benefiting from the direct advantages from social projects running voluntarily in the surrounding communities to the mineral deposit areas.
One of these companies is Petaquilla Gold, S. A., a company that for many years has driven works and projects that have changed mountainous areas of the province of Cocle and Colon, where it has enabled roads, repaired and built schools, and benefited the health sector among others.
Under the leadership of businessman Richard Fifer Carles, the company created the Petaquilla Foundation and the Castilla del Oro Foundation, which run programs of student grants, nutritious meals for children in school, and agricultural training, in addition to tourism projects in rural communities.
Esquivel stepped in for those who have argued that mining is the most polluting industry on the planet, where he described this statement as “false”. “The most polluting industry on the planet is the chemical, metallurgy industry and not the mining industry,” he stated.
Similarly, he countered the statements made by some that mining is not sustainable, given that studies and views of international scientists reveal that mining is an activity essential for economic, social and environmental sustainability.
“Why? Because the Earth provides us with the necessary inputs for the reduction of poverty and consequently, enhancement of social equity and reducing levels of impairment to the environment, generated by human activities that are not controlled,” said Mr. Esquivel.
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