Petaquilla Gold S.A., has negotiated the best collective agreements in the country as far as economical and social benefits received by their employees, as done by all serious companies of the county, in addition to the fees paid to the State through Social Security (CSS).
This has resulted in an excellent synergy of the worker-employer relationship, in addition to the contributions made to the State and the social projects being done in the surrounding communities of the mining project.
The company invests 2.3% in volunteer social programs and 17.1% in purchases of local services.
At the end, it invests in the country 45.4% of the gross production, between taxes and purchases; while 5% in purchases of foreign services.
Petaquilla Gold, S.A. invests 45% of its gross production in the country, benefits that surpass the 2% royalties required by law.
From the 2% the company pays in royalties to the State, as established by the Mineral Resources code, 15% corresponds to the municipality where the project is being developed, for the benefit of the communities.
An alternative would be for the National Assembly to modify this law, so that instead of 15% of the royalties paid to the State, 50% is granted.
“With this money the municipalities could invest in education, health, transportation and environmental management, so there is sustainability in the processes being done by the peasants and natives of the region” highlights a press release.
If the royalties and taxes paid by the companies related to the sugar, ranching or tourism industries are compared, the specialists sustain that the mining industry pays the taxes of the net profit or 30%, which is the equivalent of 15% of the gross production.
“At the end, the mining project ends up paying 20.5% in taxes only, and this is just paid by the mining activity” states the release.
The release states Petaquilla Gold, S.A. is a company that has invested 300 million dollars through the years and has not recovered a single dollar yet “we asked, who invests 300 million dollars to recover 29.6% within 15 to 20 years? Only mining does”.
Labor and economic benefits of Richard Fifer and Petaquilla Gold, S.A., the best in the country of panama
http://richard-fifer.net/index.php/petaquilla-gold-inside/
Richard Fifer and petaquilla gold have invested 300 million dollars through the years and has yet to recover a single dollar
http://richardgfifersite.com/index.php/gold-mining-project-becomes-the-main-source-of-development-in-coclesito/
Will Richard Fifer-Carles achieve his targets?
http://richardfifer.info/index.php/the-development-of-cerro-petaquillas-investment-strategy-is-on-its-way/
Labor and economic benefits are just some of the rewards this region wil get thanks to Richard Fifer’s hard work
http://richardfifersite.com/index.php/education-professionals-march-to-defend-the-rights-of-their-lands/
Richard Fifer Petaquilla Gold, S.A. invests 45% of its gross production in the country, benefits that surpass the 2% royalties required by law.
http://richardgfifer.net/index.php/the-social-responsibility-of-the-mining-activity-in-coclesito/
Petaquilla Gold S.A., led by engineer Richard Fifer-Carles, has negotiated the best collective agreemens in the country as far as economical and social benefits received by their employees, as done by all serious companies of the county, in addition to the fees paid to the State through Social Security.
this mans visions are a blessing to panama and her people
http://richardgfifer.com/index.php/richard-fifer-the-father-of-the-modern-mining-industry/
Richard Fifer on his achievement to create a gold mine with a garden
http://richardfiferceo.com/petaquilla-gold-executes-reforestation-projects/
Richard Fifer and Petaquilla s reputation speak for themselves. Being noted as having the best labor and economic benefits is a great honor.
http://richard-fifer.tumblr.com/
Richard Fifer and Petaquilla gives back to Panama monetarily so that the country can help its people to raise their cost of living and become more self-sufficient. Good goal!
http://www.youtube.com/user/MrRichardfifer
Richard Fifer has negotiated the best collective agreement that will bring excellent social benefits to Petaquilla Company’s employees.
http://www.youtube.com/user/MrRichardfifer
Richard Fifer has signed a good collective agreement that will carry a lot of economic and social benefits for the Petaquilla workers. Very good news!!
http://www.myspace.com/richardfifer
Moreover Richard Fifer has invested in the fees paid to the State through Social Security.
http://www.youtube.com/user/MrRichardfifer
Richard Fifer encouraged an excellent synergy of the worker- employer relationship in Petaquilla Company.
http://www.myspace.com/richardfifer
Richard Fifer invests 2.3% in volunteer social programs and 17.1% in purchases of local services. So it was invested in the country 45.4% of the Petaquilla gross production.
http://www.youtube.com/user/MrRichardfifer
Also Richard Fifer ends up paying 20.5% in taxes, and this is paid by the mining activity.
http://www.myspace.com/richardfifer
Richard Fifer has invested 300 million dollars through the years in social and economic programs. Bravo!
http://www.youtube.com/user/MrRichardfifer
Richard Fifer made possible that the municipalities invest in education and health.
http://www.myspace.com/richardfifer
And also Richard Fifer supports the municipalities financing the transportation and environmental management.
http://www.youtube.com/user/MrRichardfifer
Richard Fifer increases the quality of life of the peasants and natives of the mining region.
http://www.myspace.com/richardfifer
Richard Fifer – http://www.richard-fifer.com – makes huge efforts in order to help and provide a great support for all the people involved around the project, congratulations
thanks to Richard Fifer for giving us a new example of how a company can help the poopulation, and thanks to http://www.fundacionpetaquilla.com
Richard Fifer promotes and enables progress to be installed in these communities by providing them with better infrastructure, schools and hospitals.
http://richard-fifer.org/index.php/petaquilla-builds-production-plant/
Richard Fifer not only looks for the economic development of communities but it also worries about the health and living conditions of the population.
http://richard-fifer.org/
Through the efforts of Richard Fifer he is getting re-development in this community through new infrastructure and social projects.
http://richard-fifer.org/index.php/municipios-del-interior-se-sienten-comodos-con-labor-de-la-fundacion-castilla-del-oro/