In spite of protests, Panama liberalizes mining legislation
Lawmakers in Panama authorized legal procedure Thursday to draw foreign investment to the mining industry, even with opposition from college students as well as indigenous groups.
As recorded and seen most recently online the earlier mentioned material is taken out of a freshly released web-site post on-line. The up coming is a quote via the internet blog post, and the full or complete post is linked underneath. Please review the snippet beneath and check out on-line for much more data.
"Experts believe there are 17 million tons of copper at the site, equivalent to three years of copper production in Chile, the world's largest copper producer.
Companies based in Canada, South Korea and Singapore have shown interest in investing.
Students, environmentalists and indigenous groups, however, fear changes to the mining code -- untouched since the 1960s -- would spoil the pristine jungle and force Indian communities to relocate.
"Our message to the government is clear: if the time comes to shed blood, we will do it because we're going to defend our rights," Pedro Rodriguez, president of the Ngobe-Bugle indigenous region, told AFP.
Protests over the past week have grown, with several injuries and arrests.
"This is not over," vowed Rogelio Moreno, leader of an organization that represents indigenous people.
After the vote, clashes broke out between police and indigenous people near the national assembly.
At least eight people were injured Tuesday when riot police clashed with students opposing the proposed changes.
Police on Monday fired tear gas and rubber bullets on hundreds of Indians protesting in the southwestern town of San Felix. Nineteen people were arrested.
Last summer, protests against a similar proposal caused two deaths and 100 injuries, after which the plan was shelved.
Several polls have shown that most Panamanians believe an increase in mining would hurt the environment and Indian communities.
Supporters of the legislation said it will increase royalty payments to Panama and require mining companies to improve environmental conditions."
Source: http://www.france24.com/en/20110211-despite-protests-panama-liberalizes-mining-law
AB Panama Real Estate retiring in panama provides many hundreds condominiums thoughout Panama. We have numerous articles and reviews and facts for anyone contemplating investing within Panama or live and retire within Panama.Also review Panama Real Estate
As recorded and seen most recently online the earlier mentioned material is taken out of a freshly released web-site post on-line. The up coming is a quote via the internet blog post, and the full or complete post is linked underneath. Please review the snippet beneath and check out on-line for much more data.
"Experts believe there are 17 million tons of copper at the site, equivalent to three years of copper production in Chile, the world's largest copper producer.
Companies based in Canada, South Korea and Singapore have shown interest in investing.
Students, environmentalists and indigenous groups, however, fear changes to the mining code -- untouched since the 1960s -- would spoil the pristine jungle and force Indian communities to relocate.
"Our message to the government is clear: if the time comes to shed blood, we will do it because we're going to defend our rights," Pedro Rodriguez, president of the Ngobe-Bugle indigenous region, told AFP.
Protests over the past week have grown, with several injuries and arrests.
"This is not over," vowed Rogelio Moreno, leader of an organization that represents indigenous people.
After the vote, clashes broke out between police and indigenous people near the national assembly.
At least eight people were injured Tuesday when riot police clashed with students opposing the proposed changes.
Police on Monday fired tear gas and rubber bullets on hundreds of Indians protesting in the southwestern town of San Felix. Nineteen people were arrested.
Last summer, protests against a similar proposal caused two deaths and 100 injuries, after which the plan was shelved.
Several polls have shown that most Panamanians believe an increase in mining would hurt the environment and Indian communities.
Supporters of the legislation said it will increase royalty payments to Panama and require mining companies to improve environmental conditions."
Source: http://www.france24.com/en/20110211-despite-protests-panama-liberalizes-mining-law
AB Panama Real Estate retiring in panama provides many hundreds condominiums thoughout Panama. We have numerous articles and reviews and facts for anyone contemplating investing within Panama or live and retire within Panama.Also review Panama Real Estate
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