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Economy, Mining

Cerro Colorado, western Panama, silver mining, world prices, electric generation

Panama has a small mining industry, which contributes only 0.2 percent to the GDP and employs about 2,000 people. Activities include some gold mining, silver mining, and quarrying. Major copper reserves have been identified at Cerro Colorado in western Panama and could be developed by international firms if world prices warranted. Panama imports crude oil for processing and electric generation near Colon, and it exports some refined petroleum products.



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Cerro Colorado, western Panama, silver mining, world prices, electric generation, gold mining, quarrying, Colon, processing, Activities

 
 

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