Petaquilla Minerals Mining News

Latin America gets its first diamond exchange

The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.

Panama holds $200bn in mineral resources waiting to be mined — Government

The country has identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum.

Petaquilla granted mining rights to re-open Lomero-Poyatos gold mine in Spain

Canadian gold miner Petaquilla Minerals Ltd. (TSX:PTQ) said Monday it has completed the titling process for its wholly-owned Lomero-Poyatos project in Andalucia, Spain, about 500 km south of Madrid.

Petaquilla expands production capacity

Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (the "Company") today announced the planned expansion of its production system at its Molejon gold mine facility, located in Panama, by increasing grinding and processing capacity in addition to its on-going construction of a heap leach operation. The new production improvements, when fully implemented, are expected to generate an additional monthly recovery of 7,200 gold ounces. Now at the final stages of implementation, the installation of a third drum scrubber will significantly improve the processing of clays. The additional installation of a new horizontal Carbon-in-Column circuit ("CIC") will increase by 80% the gold adsorption capacity and improve the efficiency of the gold recovery from the milling system as well as from the future heap leach operations. The combined efficiency of the new hydraulic capacity and CIC circuit will translate, as from the third calendar quarter of current 2011, into an increase in production of 1,000tpd and approximately 1,200 ounces of gold, monthly.