https://newsletter.en.creamermedia.com
Copper|Mining|Environmental
Copper|Mining|Environmental
copper|mining|environmental

Panama President says he is waiting for First Quantum to suspend mine arbitration

21st March 2025

By: Reuters

  

Font size: - +

PANAMA CITY - Panama's President Jose Raul Mulino said on Thursday that his government has not been notified yet by Canada's First Quantum Minerals that the miner has suspended arbitration over its shuttered copper mine in the country.

An internal memo from the company's local unit, Cobre Panama, last Friday showed the company had instructed its lawyers to start work to suspend arbitration against Panama, referring to cases it filed after the government's 2023 shutdown of the mine following protests over environmental concerns.

Mulino said the government would not be able to hold talks with First Quantum until the arbitration suspension was finalized, but that he believed the miner was taking the proper legal steps.

"We haven't been notified of that suspension, but in good faith, I must assume that it's a process ... that takes a reasonable amount of time," he told a press conference.

"Until we are notified, there will be no formal conversations."

Mulino added that he will start talks with his team and the country's mining chamber next week to discuss issues about Cobre Panama.

Shares in First Quantum were trading down 0.6% at 15:01 GMT.

Edited by Reuters

Comments

 

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

WEG powering Africa today, for tomorrow
WEG powering Africa today, for tomorrow
26th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.335 0.436s - 170pq - 2rq
Subscribe Now