Minera Panama could run out of supplies this week

Mining of Panama would run out of supplies for the power plant in the middle of the week starting this Monday due to blockades holding up small vessels in the port of Punta Rincón.

The company reported today that its operations have been reduced to mineral processing due to this situation.

“The blockades are preventing the delivery of supplies needed to operate power plant. Regardless of business needs, the safety and well-being of Minera Panamá’s workforce is the company’s priority,” he noted.

According to Minera Panama, local authorities are present and continue to monitor and assess the situation in order to achieve a definitive return to maritime operations.

He adds that if illegal actions continue to be prevented supplies necessary for the operation of the power plant, the company will reduce the remaining processing line this week and temporarily suspend production.

Minera Panamá reminds that in addition to important tax and royalty payments paid by the company, the mine represents more than 2% of the total active population of Panama and cooperates with local suppliers worth almost 20 million dollars per week.

He emphasizes that the general economic contribution of the mine to the State of Panama is estimated at more than 50 million dollars per week, equivalent to about 5% of GDP.

“This income could be affected if the operation of the mine does not continue,” he adds.

The company points out that it continues to book everything your local and international legal rights regarding the events in Panama.

“Minera Panama wishes to reiterate its willingness to open new spaces for dialogue, to address the problems of different sectors of society, to create lasting relationships based on respect, cordiality, understanding and mutual benefit”, exactly.