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Artículo

2 Nov 2023

Autor:
Mining.com

Panama: Legislators approve bill to revoke First Quantum Minerals’ contract but lawmakers modify it

"Panama Supreme Court to decide First Quantum’s contract fate", 02 November 2023

...Panama legislators approved on Thursday a Bill that originally sought to revoke First Quantum Minerals’ contract with the country’s government covering the Cobre Panama copper mine, but lawmakers decided at the last minute to eliminate that part of the Bill.

The modified law, approved by 63 votes, does, however, ban all future mining concessions, including  exploration, extraction and transportation of minerals, as well as contract renewals in Panama.

The move means that it will be the Supreme Court’s job to decide whether law 406, which made the contract between First Quantum and Panama official, is or not unconstitutional. The top court is considering several other challenges to the contract...

First Quantum said on Friday production at the Cobre Panama mine remains uninterrupted at this time. “However, like many businesses across Panama, protests, including blockades of key roads, have caused disruptions on site as well as shortages in certain supplies,” it said...

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