Panama president sees no environmental threat from copper at closed First Quantum mine
Environmentalists as well as mining companies had raised concerns over risks from leaving the copper on site.
Panama’s economy is expected to see growth slow in 2024 to 2.5%, from 7.5% in the previous year, as a result of the closure of First Quantum Minerals’ lucrative copper mine in the country, the International Monetary Fund (IMF) said on Monday.
Gross domestic product (GDP) is expected to gradually improve over the medium term, but the mine’s closure does entail the permanent loss of about 0.6% of GDP in fiscal revenues and 7.5% of exports of goods and services, the IMF said.
(By Kylie Madry; Editing by Gabriel Araujo)
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