Mining is often considered harmful for the environment but the Mexican multinational CEMEX, dedicated to manufacture building materials, has shown that this is not always the case.
The company was given a concession of 559 hectares to extract limestone in Chilibre, to the east of Panama City, next to the Alajuela Lake, the reservoir of the Panama Canal and the source of water for the Chilibre plant that supplies this vital liquid.
The four mining […]
The financial contribution of the Panama Canal to the State for the period 2017-2021 will be 45.3 percent lower than the initial estimate on the enlargement, according to official figures analyzed by the Panamanian press.
The latest projections of the Ministry of Economy and Finance (MEF) for the years indicated were $15,303 million, but in a last adjustment that figure dropped to $8,533 million, said the newspaper La Estrella de Panama.
The reasons cited by […]
Customs Union will unify into a single document the current Customs legislation with changes in processes to establish deposits on merchandise to order and the return of taxes, among other things.
The decree that integrates into a single document all national regulations and the Uniform Central American Customs Code (Cauca) is a missing step towards the full integration of Panama into the Central American Customs Union and accession to the bloc within six months is […]
AES Colon will be the first power generation plant based on liquefied natural gas in the region, and will begin operations in 2018. With this project, Panama’s energy matrix will be strengthened, providing stability with a firmer, competitive fuel and sustainability.
The Central American Bank for Economic Integration (CABEI) approved a $100 million loan to the AES Colon project for the development of the LNG-based plant to be built on Telfers Island, Colon. An important […]
Representatives of China Cosco Shipping, met on April 21 with the administrator of the Panama Canal, Jorge Luis Quijano and reiterated that they have no intention, either now or in the near future, of using the route through the Arctic, because it is too risky for their ships and cargo of their customers.
Quijano said that the representatives of the largest shipping line of China said that in the past they have seen the opportunity […]
Panama Colon Container Port Inc (PCCP) announced that they will soon start construction of the long awaited container port on Isla Margarita, Colon province.
The construction includes a container yard with a capacity to handle up to 2.5 million TEUs per year, with four docks occupying 1,200 meters of water frontage and the first with the ability to serve Neopanamax ships.
The project will make it one of the most important ports in Panama and […]