MINING, AN ALTERNATIVE FOR THE COUNTRY, THE ENVIRONMENT AND THE COMMUNITIES Responsible Development and Exploitation of our Wealth
Potential of Panama Responsible Mining
Economy of Panama Our True Problems Our Geologic Position Our Mineral Reserves Economic Benefits Taxess Royalties Local
Expenses Investments
Social and Environmetal Benefits
Our Economy
GDP Composition: agriculture: 7.2% industry: 16.4% service: 76.4%
Composition of the active population : agriculture: 20.8% industry: 18% services: 61.2%
Unemployment: 4.0% Population under the poverty line: 25%
Extreme Poverty Level
Population
214,241
213,001
81,495
Urban Areas Rural Areas No Comarcas
Comarcas
Mainly in Rural Areas
Distribution of Extreme Poverty by County
Poverty de Corregimiento Nivel Level Pobreza
0.00 – 0.20 0.20 – 0.40 0.40 – 0.59 0.60 – 0.79 0.80 – 0.99 Note: The incidence of extreme poverty corresponds to the proportion of the total population of each county that live in that situation. The total consumption of people in extreme poverty is less than US$ 534 annually. Source: Ministerio de Economía y Finanzas, Dirección de Políticas Sociales. Año 2005 .
Major Development Projects
Canal Expansion 5.1 B $ Bay CleanClean-Up 0.5 B $ Metro 1.8 B $ Airport 0.6 B $ Highways 0.5 B $ Urban Development 0.5 B $ Skyscrapers 2.5 B $ 115.0 B US$
PUBLIC INVESTMENTS
Rural Areas Poverty •High rate o Uncontrolled Deforestation •IndiscriminatedUse of Agrochemicals •Lack or Resources and Infrastructure •Lack of Training and Environmental Management Programs for Rural Areas •
Our Privileged Geological Position for the Benefit of the Country
Mining Projects evaluated technically and economically Chorcha Cobre, Oro Cerro Colorado Cobre
Petaquilla (MPSA), Cobre
Viento Frío Oro
Petaquilla (PtqGold), Oro
El Canal de Panamá: una obra realizada con Metodología y Tecnología Minera
Cerro Pelado Oro
Santa Rosa y Remance Oro
Cerro Quema Oro
BD: Mapintec GI
Projects vs Extreme Poverty Chorcha Cobre, Oro Cerro Colorado Cobre
Petaquilla (MPSA), Cobre
Petaquilla (PtqGold), Oro
Cerro Pelado Oro
Santa Rosa y Remance Oro
Cerro Quema Oro
Viento FrĂo Oro
New Alternative Favourable geologic position with world class mineral deposits Responsible Mining could help those regions Impulsing Econ贸mic, Social and Environmental Development Generating resources and infrastructure
Orebodies with quantified reserves near development and extraction
Total Value: B/. 220,338 Millones
Orebodies with reserves in advanced stage of evaluation
Source: Direcci贸n Nacional de Recursos Minerales and Public data from mining companies
Annual Economic Benefits Millions of USD B/. 1,322.03 B/. 44.07 B/. 264.41 B/. 343.55 B/. 484.74 B/. 202.71 B/. 1,507.11 B/. 1,322.03 B/. 934.23 B/. 2,379.65
Income Tax ITBMS Dividend Tax Royalties Salaries Social Programs (companies companies)) Local Purchases Foreign Purchases Financial & Accounting Costs Operator Profit
Assuming a 30 year life for all projects
Minera Panamรก
Minera Panamรก Project Parameters
DIALOGUE ROUND TABLE FOR THE RESPONSIBLE DEVEOLPMENT OF THE MINERAL RESOURCES IN PANAMA
ADVANCES:
Proposal for a Round Table, Aug. 2011, CAMIPA. Incorporating CNP+L as executor of the Dialogue Table. Contribution form the Private Sector to finance the Dialogue Table. Consulting Services for the Design of a Strategy for the Mining Round Table, Feb. 2012, CAMIPA. Consulting Services for Validation of the Key Actors of the Mining Round Table, Oct. 2012, CAMIPA/CNP+L. Installation of the Dialogue Round Table, Scheduled March 2013.
KEY ACTORS OF THE MINING DIALOGUE ROUND TABLE
Two (2) representatives of the following sectors:
Indigenous Environmentalists Workers Professional Academic
Government Communities Social Organizations Private Enterprise Church
EXPECTED PRODUCTS OF THE MINING DIALOGUE ROUND TABLE
DURING THE NEXT (6) MONTHS THE FOLLOWING PRODUCTS ARE EXPECTED:
Normativity reached by consensus for the approval phase of mining projects. Normativity reached by consensus for the operation phase of mining projects. Normativity reached by consensus for the closure phase of mining projects.
Impulsing Responsible Mining
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