Category : Breaking News

 

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Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z)(the “Company”) is pleased to announce that its wholly-owned subsidiary, Petaquilla Gold, S.A., a signatory of the International Cyanide Management Code (the “Code”), has been audited by a lead auditor and a technical expert as part of the final process to become certified by the International Cyanide Management Institute (“ICMI”).

Companies that are signatories to the Code must have their operations audited by an independent third party to demonstrate their compliance with the Code. In this regard, Petaquilla Gold, S.A., once certified by the ICMI, will join only 14 other gold mining companies worldwide possessing this certification.

Within the next two months the technical expert will conclude a final review of the Company’s Molejon Gold Project to confirm compliance with minor recommendations prior to submitting the final report to ICMI for issuance of the official certification.

The ICMI was established to administer the Code, to promote the Code’s adoption and implementation, to evaluate its implementation, to manage the certification process and to make information on safe cyanide management practices widely available.

The Code is a voluntary industry program covering the manufacture, transport and use of cyanide in the gold mining industry. The Company supports the promotion of responsible management of cyanide used in gold mining for the purpose of enhancing the protection of human health and reducing the potential of environmental impacts.

About Petaquilla Minerals Ltd. Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama – a region known historically for gold content. In addition, the Company has acquired 100% of the Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

Petaquilla Gold paid 193,707 dollars in royalties to the Municipal Council of the Donoso District.

 

Created with the purpose to promote culture and sustainable development in the area around the mining project, Fundacion Petaquilla works incessantly to promote agricultural production and conserve our natural resources. Change is evident as we travel to nearby communities such as Coclesito, San Juan de Turbe, Nuevo San José, Nazareno and Villa del Carmen where families have been able to share with us how the projects from Fundacion Petaquilla have changed their lives. IMG_7159

One of the many ways neighboring families have directly benefited from Petaquilla´s efforts are through education programs that teach them how to improve their farming and cattle raising techniques. By providing them with the right tools, hundreds of hardworking Panamanians are able to start their own businesses and become suppliers to various companies around the region. Opportunities like these not only create economic stability for workers around the project but also cultivate values of hard work and responsibility.

Job Opportunities in the Mining Industry

·Molino 2007-07-10_002

Mining generates numerous employment opportunities for inhabitants to communities neighboring a mine. Although mining projects are usually run by a complete team of engineers and geologists, a large portion of the employees working for a mining company come from diverse fields. For instance, mine workers usually reside in mining camps that require a team to build the rooms and support staff that takes care of the worker´s needs. Several examples of occupations necessary to run a mine camp are: security staff, cooks, laundry personnel and a medical team. Fortunately, mines such as Petaquilla offer jobs to thousands of people to help carry out these sorts of tasks and increase employment opportunities in the region.

Mining companies generate employment openings more often than you probably imagine. Their cars and helicopters require workers to operate these vehicles, offices need receptionists and secretaries to carry out administrative tasks and computers must be operated and kept running by IT personnel 24/7.

Mining finances future government works

Petaquilla News – Vallarino said that only Petaquilla Mine itself would provide $ 5.000 million in thirty years.

CARLOS CORDERO ANEL
ccordero@laestrella.com.pa

PANAMÁ.
Given the lack of resources, the Government commitment to mining as a source for funds for an ‘ambitious’ investment plan includes a series of mega-projects and other works set in the Investment Plan for the next four years.
The government ‘needs to raise more’, said the President of the Republic, Ricardo Martinelli.
Resources are needed for use in the execution of works, purchase of medicines, building hospitals and providing better services to the population.
While mining in the country continues to generate a potential rejection by the people, the government continues to show that they will not back down and is expected to approve next week the amendments to the Mining Code governing the activity.
Since last May, Minister of Economy and Finance (MEF), Alberto Vallarino, stated that the revenue gained from the new mining concessions would be funds for financing the works described.
Vallarino said that only Petaquilla Mine itself would provide $ 5.000 million in thirty years.
The government has raised taxes on taxpayers, the Fiscal Responsibility Prosecutor will not allow the State to continue borrowing said economist Adolfo Quintero.
Another alternative for obtaining government funding would be the sale of actions of semi-privatized institutions.
For 2011, the budget includes investments of $ 5.409 million add to that more than $ 200 million for damages caused during last year’s floods.
Quintero said these emerging factors are not covered by the budget, making it necessary to search for new sources of income.
The Plan of Government of the Alliance for Change, developed in the campaign, Martinelli promised once in power, he would ‘update’ and review the mineral potential of Panama.

(this is an excert of the original article)

Chief Financial Officer – Petaquilla

Petaquilla welcomes Mr. Sirotinsky as Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA — (MARKETWIRE) — 12/02/10 –

Petaquilla Minerals Ltd.  welcomes Mr. Sirotinsky as Chief Financial Officer. His experience garnered from holding senior finance positions within other mineral producing companies will benefit the Company in its next steps to becoming a mid-tier gold producer.

Mr. Sirotinsky, a Certified Public Accountant, was formerly Director of Finance for Silver Standard Resources, Inc., where he was responsible for the administration and finance aspects of their Mina Pirquitas Project in Argentina, and Administrative and Finance Manager for AngloGold Ashanti Limited’s Cerro Vanguardia Project, a gold and silver mine, where, among other responsibilities, he was involved in reporting and accounting management, treasury and cash management, risk management, business planning and strategy development, and tax planning.

Mr. Sirotinsky replaces Ms. Julie van Baarsen as the Company’s Chief Financial Officer. Petaquilla‘s board of directors and management would like to thank Ms. van Baarsen for her dedicated and attentive work and wishes her well in her future endeavors.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The plant utilizes three ball mills and a carbon-in-pulp processing facility. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. The Molejon mine site is located in the south central area of the Company’s 100% owned 842 square kilometer concession lands, a region known historically for its gold content.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Richard Fifer, Executive Chairman of the Board

Petaquilla Staff, responsible for this mining project in Panama, congratulate the people of Chile

Mankind just lived through an event that could be described as epic, after Chile, represented by its leaders and supported by the entire country, all its resources including solidarity, support and unconditional love throughout the world, by means of mass communication, managed to rescue the 33 miners with their stories, sorrows and joys.

From the moment you knew of the collapse of the San José mine in northern Chile, the hearts of men and women worthy and noble joined in prayer, a prayer asking our creator that they be alive. Two weeks later on of the bits tapped back with a message stating “the 33 of us are fine in the place of refuge”, one of several shelters that are part of the design of any underground mine, in which first aid supplies, food and water, tools and equipment are stored and are vital, as indeed they were, for the odyssey lived by our mining peers in Chile.
Once again it proves that things can be done well, even when the misfortune, due to force majeure or acts of God are the determinants in unexpected or undesirable situations and
all efforts of the Chileans as a team and friendly countries that assisted, yielded the expected results, the successful rescue of 33 miners into the waiting hands of their families. Including our Bolivian mining brother, who had only been hired five days prior to the incident. It is expected that he and his wife are both saying that he will never work in a mine again. It is normal for his wife and himself to be saying that never again would he work in a mine. He got that job temporarily, he is not a miner by choice, so his sense of belonging and identity is different to the other 32 Chilean miners who confessed with pride to be the son, grandson, great-grandson of miners and would return to their jobs as soon as the situation is back to normal.
Voices of the world, among whom were leaders, politicians, writers and athletes, one of them David Villa of the Spanish national team and FC Barcelona, the son of miners from Asturias stated with great joy and understanding for the miners, how happy he was with the results after two months and 69 days of uncertainty.

The Miner, a publication of the mining project Molejón of Petaquilla Gold, Engineer Richard Fifer, the father of modern mining in Panama, Mr. Rodrigo Esquivel and company staff responsible for this mining project in Panama, congratulate the people of Chile, its rulers, the Chilean mining industry and the rescued miners and their families for this triumph of life and of human ingenuity in adversity as they cheered the rescuers, journalists, officials and miners every time one was brought to the surface: “Chi, Chi, Chi, le, le, le, the miners of Chile yelled. Viva Chile, mining and the lives of rescued miners.

Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Petaquilla Molejón, Minas Santa Rosa, etc.)

The formation and hence the existence of any mineral deposits on the surface of the Earth is in itself a casualty of nature. The detection and subsequent exploration, require in depth knowledge of geological exploration techniques. If a site becomes a mining project (note that we have not said mine) depends mainly on the concentration of certain elements in the rock and where it is located.
On average a mine as noted by the columnist, removes 400 tons of rock to process 1 oz. Au (gold) (average grade of 0.7 ppm Au). With this equation, and if you know some economics such a mine would not be profitable and does not allow payment of costs extraction, processing and marketing so it would not be feasible.
Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Molejón, Minas Santa Rosa, etc.) And a lifespan of 8-10 years.
The writer is speculating and has entered into a field in which apparently she has no idea what she is saying, how much land will be removed to get a certain amount of gold, apparently she does not know that the land is not removed or processed, In this case gold is linked to certain types of rock susceptible to impregnation and subsequent deposits of minerals
due to hydrothermal solutions rising in areas favorable to it. That is why these sites are in areas with near-vertical escarpments making it impossible to use for agricultural purposes and / or livestock.
The economic model that is proposed to exploit the tourism, I ask what touriss would like
visit a forest full of leishmaniasis, Chagas disease and malaria?, What is the plan to clean up these forests in order for the tourists to visit? And if so, how will you get them there? using who knows what means of transport, that the few ways of existing communication have been made by mining companies.
What happens when the mining companinies are finished with the resource? The roads, infrastructure, etc.. will remain so they are the ones that move the economy of a country.

Petaquilla employees drink water from rivers nearby the mine to show that there is no contamination

Carlos Salazar -  Petaquilla

RAMOS Torrera Lineth – El Siglo
Representatives of the Petaquilla Gold mine rejected the arguments of farmers and environmentalists about the pollution of the Coclesito river and to prove it they bathed in the water and even drank water directly from river.
Carlos Salazar, in the presence of the media, bathed in the river with his
son and public relations representative Fernando Rodriguez. “Petaquilla is accused of having polluted rivers, mainly Coclesito without scientific evidence, and have alarmed the people to later interview them.” said Salazar.
842 square Km is mine Molejón 300 thousand cubic meters has the tub.
He stated that the mining company is not using seven tons of cyanide and is not destroying the water sources in the region, as stated by the environmentalists.   He explained that in the operational phase they have taken advantage of the high level of rainfall, which increased levels of the tub of tailings, to say that there was spill, which is not true.
They also argued that theoretically the mine consumes 1800 cubic meters of water a day because the tub has a pumping capacity of 45 cubic meters per hour, but as rain fills it, they do not get to use 45 cubic meters, or much less 1800 per day.
Salazar said that Coclesito water can be consumed, although environmentalists accuse Petaquilla of having contaminated the water.
Leak
They say there is no danger to the level of landslide tubs
Location
They are in District Molejón Donoso
Research
Ancon and Anam take samples of water from nearby rivers
History shows that of 100 applications for exploration, two become mines and so Panama at its best will have 6-7 mines, which would have a surface of 3.500 to 4000 hectares, equivalent to 40 square kilometers, said Salazar.
It was a challenge without proof
The environmental Raisa Bainfield said she saw no evidence that Salazar was drinking water from the affected rivers.    “That bathing and drinking water from the rivers has no merit. That was will determine whether there is contamination or not is a committee of national experts that investigates the mine, and I say international because the government is biased in this issue, “said Bainfield, while trying to establish her theory that the mine is detrimental to the community.

Petaquilla News: “we are well on the refuge, 33″, trapped miner

SANTIAGO .- After serving 17 days trapped 33 miners from the San Jose site sent a proof of life for a probe that carries out the rescue work, triggering the joy of their families and the authorities who moved to the collapse site .

Un operario encontró el mensaje escrito con lápiz rojo con la frase “estamos bien en el refugio, los 33″ , lo que fue ratificado momentos después por el propio Presidente, Sebastián Piñera. A worker found the message written in red pencil with the phrase “we are well on the refuge, 33″, which was confirmed moments later by the President, Sebastián Piñera.

22:20: “Tengo la confianza de que los vamos a rescatar a todos con vida”, señaló el ministro. 22:20: “I have confidence that we will rescue all alive,” said the minister. 22:08: Al ser entrevistado por Canal 13 , el ministro del Interior, Rodrigo Hinzpeter, señaló que los mineros son “hombres excepcionales. En siete palabras fueron capaces de decirle al país lo que por 17 días estábamos esperando”. 22:08: When interviewed by Channel 13, the Interior Minister, Rodrigo Hinzpeter, noted that miners are “exceptional men. In seven words were able to tell the country what we’ve been waiting for 17 days.”

21:56 : “Tenemos alternativas distintas que corresponden a máquinas que se utilizan en el petróleo, de diámetros y de velocidades mayores, pero tienen ciertos riesgos que tenemos que evaluarlos. No menos de tres meses” sería el tiempo estimado para el rescate, señaló el jefe de sondajes, André Sougarret . 21:56: “We have different alternatives that relate to equipment used in oil, diameters and higher speeds, but they have certain risks that we have to evaluate them. Not less than three months” would be the estimated time for the rescue, said Drilling head, André Sougarret.

21:49: “Acá logró cada uno hacer un rol distinto. Fue un privilegio trabajar en esta labor. El equipo técnico sigue trabajando en buscar otras alternativas que permitan acortar esos plazos (tres a cuatro meses). Hay que pensar con un poco más de calma”, señaló Golborne. 21:49: “Here did each do a different role. It was a privilege to work in this work. The technical team is working on finding alternatives to shorten these deadlines (three to four months). You have to think a little more of calm, “said Golborne.

21:36: “Los mineros han demostrado que tienen recursos de distinta naturaleza”, dijo el ministro de Minería Laurence Golborne . 21:36: “The miners have shown that they are different in nature resources,” said Laurence Golborne mining minister.

21:25 : El jefe de sondajes, André Sougarret , indicó estas labores “han sido lo más emocionante que he hecho en mi vida. Lo que estamos haciendo ahora es asegurar el pozo, a las 8:00 horas podríamos acceder con alimentos y medicamentos”. 21:25: The head of drilling, André Sougarret said this work “have been the most exciting thing I’ve done in my life. What we’re doing now is ensuring the well, at 8:00 am could get food and medicine . Read More…