Panama Congress decides fate of First Quantum mine contract

Vote on bill revoking the 20-year contract with First Quantum and halting all future mining concessions in Panama happening today.

Staff Writer | November 2, 2023 | 8:05 am

Investors wiped out about $6 billion, or 48%, from the company's market value this week.

Reuters | November 1, 2023 | 3:17 pm

First Quantum shares down 50% as Panama Congress committee OKs referendum

Bill has cleared the first hurdle to becoming a law that allows national referendum on the contract covering Cobre Panama copper mine.

Cecilia Jamasmie | November 1, 2023 | 6:11 am

First Quantum’s troubles are playing out in a country led by one of the most pro-business governments in the region.

Bloomberg News | October 31, 2023 | 1:06 pm

Electoral court stated that it cannot organize a referendum regarding the Panama copper mine, as requested by President Cortizo.

Reuters | October 31, 2023 | 7:42 am

President Laurentino Cortizo said on Sunday Panama would hold a referendum to decide whether to scrap a contract with First Quantum.

Bloomberg News | October 30, 2023 | 12:04 pm

In its ruling on Monday, the Federal Administrative Court dismissed the allegations contained in the annulment resolution.

Staff Writer | October 30, 2023 | 9:18 am

President Laurentino Cortizo said locals will decide on Dec. 17 whether to revoke the controversial 20-year contract.

Cecilia Jamasmie | October 30, 2023 | 3:45 am

As protests continue against First Quantum’s Cobre Panamá operation, the Canadian miner asks authorities to protect its workers and facilities.

Valentina Ruiz Leotaud | October 29, 2023 | 12:23 pm