Working Cattle Farm with Mining Concession

Working Cattle Farm with Mining Concession

Available for sale located 45 minutes from Panama City and 20 minutes from Colon, is a 400 hectare ranch of which 220+ hectares have been granted mining and extraction rights by the Ministry of Commerce and Industry (MICI). The 2012 contract to extract Tuff (Toba) is viable for 20 years and renewable for 20 more years.

Tuff is a stone with a similar color to Basalt and is used in construction as a base layer for roads, buildings, and landfills, among others, although Tuff is not not recommended for projects requiring high resistance rock. According to the study completed by the Engineer of Mines and Geology, there are 14 stone outcrops in the left area of the farm (70 hectares – 8 outcrops) with 16,999,110 cubic yards, and on the right side of the property (330HAS - 6 outcrops) with 24,714,380 cubic yards, with a total estimated volume  of 41,713,490 cubic yards. The farm has 5 access points to Lake Gatun, plus a recent appraisal of the farm (not including commercial value of stones) for $21.6mm.

Interested prospects will have access to the following documents:
- Perimeter survey of 400 hectare farm.
- Title of property according to public records.
- Photogrammetric survey (topo) of the property slopes.
- A draft Master plan concept that includes lots for buildings, lots for housing, social area, commercial area and boat marina.
- Cartographic survey from the Tommy Guardia Institute (Ministry of Public Works).
- A detailed brief.
- 2 mineral studies completed by the dept. of Mines and Geology in Nov. 2006 and Tecnilab in April 2013.
- Contract with the Ministry of Industry and commerce for the extraction of stone for 20 years and renewable 20 years more.

Contact Form :: Contactenos

Additional Info

  • Status:: Active > For Sale
  • Property Type:: Commercial > Land
  • ID#:: 1402
  • Price Per M2:: $6.25
  • Province:: Colon
  • Location:: Colon
  • Lot Size:: 400 Hect (988 Acres)
  • Views:: Mountain & Sea Views
  • Bedrooms:: N/A
  • Bathrooms:: N/A
  • Parking:: N/A
  • Sale Price:: $25,000,000
Read 3740 times Last modified on Tuesday, 22 July 2014 17:07

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