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12/31/14

Say bye-bye to Petaquilla (PTQ.to)

This from Panama's "Critica" newspaper, linked here. Translation your author:

The government of Panama has initiated the paperwork to revoke the operating permit of the Petaquilla Gold mining company, due to its non-compliance in payment of social security dues to its work force, said the Minister of Work today, Luis Ernetso Carles. Carles said that the legal representative of the company, Richard Fifer, was now under criminal charge from the Social Security Office (CSS) due to the non-compliance of social security payments for the company's 604 workers, according to a government communique."The actions of the legal representative of Petaquilla stain the employment opportunities in the country", said Carles, while informing that Petaquilla Gold currently owes three months of salaries and employees debts that total around U$3.8m. The Panamanian Minister showed his concern of the situation faced by the workers, due to the lack of responsibility for the payment of dues by the Canadian capital company.The Petaquilla Gold company is located in the district of Donoso, in the province of Colón, some 130km West of the capital.
Don't say we didn't warn you.