Company said it has spent more than 13 years in northeast Minnesota conducting extensive environmental, engineering, exploration, hydrogeological and community engagement work.
Modified law, however, will ban all future mining concessions, including exploration, extraction and transportation of minerals, as well as contract renewals in Panama.
As part of its stated ambition to challenge China’s dominance, the Biden administration saw an opportunity to revitalize a century-old rail line linking key African mines to an Atlantic Ocean port.
