First Quantum Minerals to Commission $5.5b Panama Copper Project | Weekly News Roundup, May 19th, 2017

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First Quantum Minerals to Commission $5.5b Panama Copper Project in Just Months

Vancouver’s First Quantum Minerals (TSE:FM) is just a few months away from commissioning its massive $5.48 billion copper project in Panama, one of the largest of very few new red metal mines to begin production by the end of the decade.

The company, which gained control over the Cobre Panama project in 2013 with the acquisition of rival Canadian copper miner Inmet mining, said May 18 the open-pit mine was now about 50% complete.

Speaking at the Paydirt Latin America Downunder conference, in Perth, First Quantum global exploration director, Mike Christie, said the firm would spend close to $1 billion this year to advance construction at the project, located about 120 km west of Panama City, and 20 km from the Caribbean Sea coast.
Source: Business in Vancouver

Go Beyond the Canal to Explore Hidden Panama.

In spite of wildly diverse ecosystems, welcoming people, meticulously preserved historic areas, an engineering marvel, indigenous populations, trending neighborhoods, a capital city with vibrant nightlife, the world’s second largest Carnival celebration and flights from multiple U.S. cities, Panama remains largely under the radar for tourists. Most experience it only from the deck of a ship cruising the famous canal. That is an amazing experience, yet it bypasses the exotic heart of the country.

Panama City curves along the 160-mile-wide Gulf of Panama on the Pacific Ocean. Its striking skyline, viewed from Amador Causeway, features soaring glass and steel towers, some pushing the boundaries of contemporary design. The causeway offers cafes, cycling, a museum, fishing and sailing.

Source: USA Today’s 10 Best

World Youth Day Logo Shows Symbols for Mary, Panama.

A logo depicting symbols for Mary, Panama and the Panama Canal was selected as the winning design to promote World Youth Day 2019.

The design by Amber Calvo, 20, a Panamanian student studying architecture, was chosen from 103 entries submitted for the event that will take place Jan. 22-27, 2019.
The entries were first evaluated by a group of graphic design and marketing professionals who settled on three designs submitted for review by the WYD Executive Committee 2019 and the Vatican’s Dicastery for Laity, Family and Life.

Source: Catholic News Service


Five Great Ways to Stay Fit in Panama

Whether you’re visiting Panama, relocating to Panama, or retiring in Panama, if you’re into fitness, you’ll want to keep up your routine while here. Panama is known for its laid-back, relaxed lifestyle, beaches, and year-round warm weather, but that doesn’t mean it’s not a place for active people. On the contrary, Panama is great for getting in shape, staying fit, and living a healthy lifestyle, no matter what the pace. Here are five examples of ways to do it.

Panama’s Cinta Costera, or Coastal Belt in English, is one of the city’s most attractive outdoor areas, and perfect for getting some exercise outdoors. The Cinta is roughly 7km (5.5 miles) of tree-lined, green parkway that runs along the downtown coastline of Panama City. There are paths exclusive for bikes, as well as runner-friendly material lining the walkways. There’s even an outdoor gym at one end, as well as water and food vendors along the way.

Source: POLS Blog


About Manoj Chatlani

Manoj Chatlani is a Senior Partner at POLS Attorneys, a full-service law firm in Panama City, Panama. Specializing in offshore services, including asset protection, estate planning, offshore banking, and offshore corporations, as well as Panama immigration and real estate transactions, POLS Attorneys offers clients a streamlined solution to all their Panama legal needs. Manoj is a Panamanian lawyer and holds a law degree from USMA and earned a Masters in Communication Law and Panama Tax law.

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