Varela Asks For A Delay On Changes to Mining Laws

Monday, January 17 2011 @ 04:45 PM UTC

Contributed by: Don Winner

Panama's Vice president and Foreign Minister, Juan Carlos Varela, called on President Ricardo Martinelli for a moratorium so they can achieve agreement on any new law pr project before making a decision to implement changes to the Mining Code. Varela, who did not sign project #277 launched last 13 January by the Minister of Trade and Industry, Roberto Henriquez, believes first the government should wait until the current contracts are settled, a process that could take two years. What's more, he also called for consensus on a draft agreement for the development of mining for the benefit of communities. Varela's statements came during a ceremony for the delivery of certificates of title for land to 244 families in the area of "Brunklincito" in the Loceria. (Panama America)

Editor's Comment: Titles in "Little Brooklyn"? Hey, why not? Apparently future President Juan Carlos Varela has a strong environmentalist streak in him. I think it's a good (great) thing that he wants to modify the changes to the Mining Code to make it a better deal for the communities in the areas where mining will be taking place. There's a lot of money to go around - this copper deal has a multi-billion dollar bottom line for the Republic of Panama, so they can afford to be "generous."

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