Petaquilla Minerals

News Alert: Two indigenous Ngöbe-Buglé men were killed and dozens more injured in connection with a police crackdown on dissent over mining and hydroelectric developments in Panama, where Canadian mining companies have a significant presence.

Canada moves to support mining investment in Panama in the face of mounting human rights abuse by the Panamanian government and concerted opposition from Indigenous peoples, affected communities, and environmental groups. "The agreement as negotiated presents a very real risk of entrenching an ineffective and possibly irresponsible regulatory regime by protecting investments from tougher environmental or fiscal measures."

A remote area of Panama’s rainforest is threatened by open-pit copper and gold mining. Canadian mining companies have already started building roads and bulldozing trees.

For Immediate Release

MiningWatch Canada today released an Alert to Investors regarding Petaquilla Minerals and its Molejón gold mine in Panama, timed to coincide with the company’s annual meeting in Vancouver.

The report documents a number of serious problems that the organisation alleges are not being properly disclosed to investors. According to MiningWatch spokesman Jamie Kneen, “Investors should be fully informed of the realities surrounding Petaquilla Minerals’ flagship property.”