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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 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.
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.
Panama’s government decided to pass a moratorium last week on all future metal mining contacts, alongside President Cortizo, who called for a national referendum in December on the polarising ...
Cortizo initially gave his final approval to the contract on October 20. It allows Minera Panama to continue operating an open pit copper mine in the state of Colon for 20 years, with the ...
(Reuters) -Panama will reject all new mining projects, the president said on Friday, as his government defends a controversial contract extending operations for two decades at a major copper mine ...
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]
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 ...