Panama copper mine operations have been shut down by First Quantum as Canadian miner\u0027s dispute with government escalates. Read more
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As a result of the suspension, First Quantum has begun letting go some of the mine’s 8,000 employees and contractors. Statements from Panama’s industry minister and First Quantum in the past few months suggest an increasingly strained relationship, as the parties try to agree to a new contract. from a new agreement. First Quantum had agreed to pay Panama’s government US$375 million per year through taxes and royalties.Article contentjust days later that there was still a “significant gap” between the two sides on certain terms of the contract, including the amount of money the government would pay First Quantum if the contract was terminated and tax provisions.
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Canada’s First Quantum suspends ore processing at disputed Panama mineFirst Quantum and Panama’s government have been locked in a prolonged contract dispute with tax and royalties at the heart of the stalemate
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First Quantum suspends ore processing at Cobre Panama as dispute escalatesFirst Quantum Minerals Ltd. has suspended ore processing operations at its Cobre Panama mine amid a dispute with the government. Read more
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First Quantum suspends ore processing at Cobre Panama as dispute escalatesFirst Quantum Minerals Ltd. has suspended ore processing operations at its Cobre Panama mine amid a dispute with the government. Read more
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First Quantum suspends ore processing at Cobre Panama as dispute escalatesFirst Quantum Minerals Ltd. has suspended ore processing operations at its Cobre Panama mine amid a dispute with the government. Read more
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Cobre Panama operations suspended – First QuantumCanadian miner First Quantum Minerals on Thursday announced the suspension of ore processing operations at its Cobre Panamá mine, citing the Panamá Maritime Authority’s (AMP’s) refusal to permit copper concentrate exports at the mine’s port. First Quantum will begin a partial demobilisation of its workforce of more than 8 000 employees and contractors, of which the impact is expected to increase significantly in the coming weeks if concentrate shipments do not resume, the company said in a statement.
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