Panama starts process for First Quantum’s mine ‘definitive’ closure
Panama has started the process for Canadian miner First Quantum’s Cobre Panama mine’s “definitive” closure, a government statement said on Friday, following the official notification for the miner to end operations.
The roadmap for the mine’s closure will be presented to the country in the coming days, Panama’s trade ministry said in a statement.
The company did not immediately reply to a request for comment on the mine closure.
Panama’s government earlier this month ordered First Quantum to end mining operations at its lucrative copper mine, following a court ruling that found its contract unconstitutional.
The ruling said the contract violated 25 articles of the country’s constitution.
Challenges against the contract were filed to the court in the midst of large protests against it.
(By Valentine Hilaire; Editing by Anthony Esposito and Brendan O’Boyle)
More News
Gold equities going under investors’ radar as metal continues to rise: Peter Schiff
One factor behind the undervaluation of gold mining stocks today is the inflation pressure from last year, says the gold bull.
April 03, 2025 | 02:50 pm
Kazakhstan says it has discovered 20 million ton rare earth metals deposit
If confirmed, the deposit would place Kazakhstan behind only China and Brazil by size of reserves.
April 03, 2025 | 01:40 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments
Bobby44
No copper, no water, no cocaine, no bribes! Well maybe there is still time for more bribes.