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14 Jan
11:52

COPPER: Panama makes final concession proposal to MCP

Panama's government says it has made a final proposal to the Minera Cobre Panamá (MCP) for the concession of the Donoso copper mine, Kallanish learns from the country's Ministry of Commerce and Industry (MICI). According to the bid, MCP will have to pay a royalty on gross profit between 12-16% and collection of income tax from the first year of the agreement. The concession agreement is similar to the best international practices of countries such …
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