The government is ready for a reveal changes in the Petaquilla gold for his mining company in Panama with a massive perspective to increase the royalty payments with the contract changes. The deputy minister of commerce and industry Ricardo Quijano mentioned earlier that government meant to be profitable with the newly assigned contract with the mining company Petaquilla gold. This is going to be the third consecutive years to pay income tax with the operations with the government proposal.
The mining company Petaquilla gold is currently contributing the USD 1 million every year and it is to be improved the formalities and community around. Additionally, they will need to be paying off the other damage to the environment. These negotiations are ready to build up and will be complete but it may announce later after figuring it out completely.