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Presentación Foro Panamá: Oportunidades de Negocios e Inversión.
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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:GDP Composition:
agriculture: 7.2%agriculture: 7.2%
industry: 16.4%industry: 16.4%
service: 76.4%service: 76.4%
Composition of the active population :Composition of the active population :
agriculture: 20.8%agriculture: 20.8%
industry: 18%industry: 18%
services: 61.2%services: 61.2%
Unemployment: 4.0%Unemployment: 4.0%
Population under the poverty line: 25%Population under the poverty line: 25%
Extreme Poverty Level
81,495
214,241 213,001
Mainly in Rural Areas
Po
pu
lati
on
Po
pu
lati
on
Po
pu
lati
on
Po
pu
lati
on
UrbanUrban AreasAreasUrbanUrban AreasAreas
Rural Rural AreasAreas
No ComarcasNo Comarcas
Rural Rural AreasAreas
No ComarcasNo Comarcas ComarcasComarcasComarcasComarcas
Distribution of Extreme
Poverty by County
Nivel de
Pobreza
0.00 – 0.20
0.20 – 0.40
0.40 – 0.59
0.60 – 0.79
0.80 – 0.99
Corregimiento
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.
Poverty
Level
Major Development Projects
Canal Expansion 5.1 B $Canal Expansion 5.1 B $
Bay CleanBay Clean--Up Up 0.5 B $0.5 B $
Metro 1.8 B $Metro 1.8 B $
Airport Airport 0.6 B $0.6 B $
Highways 0.5 B $Highways 0.5 B $
Urban Development 0.5 B $Urban Development 0.5 B $
Skyscrapers 2.5 B $Skyscrapers 2.5 B $
115.0 B US$115.0 B US$
•Poverty
•High rate o Uncontrolled Deforestation
•IndiscriminatedUse of Agrochemicals
•Lack or Resources and Infrastructure
•Lack of Training and Environmental
Management Programs for Rural Areas
Rural Areas
El Canal de Panamá: una obra realizada con Metodología
y Tecnología Minera
Cerro Colorado Cobre
ChorchaCobre, Oro Petaquilla
(MPSA), Cobre Viento FríoOro
Cerro PeladoOro
Santa Rosa y Remance
Oro
Cerro QuemaOro
Petaquilla(PtqGold), Oro
Mining Projects evaluated Mining Projects evaluated
technically and economicallytechnically and economically
BD: Mapintec GI
Projects vs Extreme Poverty
Cerro PeladoOro
Santa Rosa y Remance
Oro
Cerro QuemaOro
Petaquilla(PtqGold), Oro
Cerro Colorado Cobre
Petaquilla(MPSA), Cobre Viento Frío
Oro
ChorchaCobre, Oro
Favourable geologic position with world class
mineral deposits
Responsible Mining could help those regions
Impulsing Económic, Social and Environmental
Development
Generating resources and infrastructure
New Alternative
Orebodies with quantified reserves near development and
extraction
Orebodies with reserves in advanced stage of evaluation
Source: Dirección Nacional de Recursos Minerales and Public data from mining companies
Total Value: B/. 220,338 MillonesTotal Value: B/. 220,338 Millones
Annual Economic Benefits
Millions of USD Millions of USD B/. 1,322.03 B/. 1,322.03 Income Tax Income Tax B/. 44.07 B/. 44.07 ITBMSITBMSB/. 264.41 B/. 264.41 Dividend TaxDividend TaxB/. 343.55 B/. 343.55 RoyaltiesRoyaltiesB/. 484.74 B/. 484.74 SalariesSalariesB/. 202.71 B/. 202.71 Social Social ProgramsPrograms ((companiescompanies))B/. 1,507.11 B/. 1,507.11 Local PurchasesLocal PurchasesB/. 1,322.03 B/. 1,322.03 Foreign PurchasesForeign PurchasesB/. 934.23 B/. 934.23 Financial & Accounting CostsFinancial & Accounting CostsB/. 2,379.65 B/. 2,379.65 Operator ProfitOperator Profit
Assuming a 30 year life for all projects
DIALOGUE ROUND TABLEFOR 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 PRODUCTSOF 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.
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