Panama President sees no immediate risk from First Quantum mine
Jose Raul Mulino said a government report shows there are no immediate environmental or safety risks from Cobre Panama.
Canada’s Inmet Mining said a letter from the Panama government confirmed that its copper-gold project will not be affected by the recent repeal of a law that allowed foreign government investment in mines within the Central American country.
The law is crucial to Inmet, as the company plans to partner with Singapore’s state investor Temasek and with Korea Resources Corp to finance and build its $4.3 billion copper-gold project in the country.
