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Panama's moves raise questions about copper supplies, as Cobre Panama accounts for about 1% of global output. The $10-billion copper mine produces a critical metal for production of electric vehicles.
A series of protests began in Panama on 20 October 2023 following the immediate passing of a 20-to-40-year mining contract between the government of Panama and First Quantum Minerals, [6] the operator of Cobre Panamá, the largest open-pit copper mine in Central America, placed 20 minutes away from the western coast of Colon Province and within a protected area of the Mesoamerican Biological ...
Panama’s Supreme Court ruled unanimously Tuesday that a 20-year concession for a Canadian copper mine that has been the focus of widespread environmental protests was unconstitutional and the ...
Cobre Panamá is an open-pit copper mine in Panama, located 120 km (75 mi) west of Panama City and 20 km (12 mi) from the Caribbean Sea coast, in the district of Donoso, province of Colón. The mine consists of four zones totalling 13,600 ha (34,000 acres). The main deposits are at Botija, Colina and Valle Grande.
The new law will still allow Minera Panama to operate an open-pit copper mine in the state of Colon for 20 years, with a possible extension for another 20 years. Panama president signs into law a ...
The closure of the Cobre Panamá copper mine in 2023 was also a significant issue, with all candidates supporting the Supreme Court's decision to annul a 20-year contract awarded to First Quantum Minerals as unconstitutional. However, Roux, Lombana and Maribel Gordón supported the total closure and conversion of the mining site. [81] [5]
On Oct. 20, Panama's government approved a contract for First Quantum to operate the copper Cobre Panama mine. It included a 20-year mining right with an option to extend for another 20 years. In ...
It seems that the U.N. Declaration on the Rights of Indigenous Peoples, which was ratified by Panama in 2007, [8] is in conflict with the in 2011 approved Law 8. The U.N. Declaration of Rights of Indigenous Peoples [8] holds that “states shall consult and cooperate in good faith with the indigenous peoples concerned through their own representative institutions in order to obtain their free ...