Canadian miner First Quantum receives approval from Panama cabinet
Panama’s cabinet on Tuesday approved a modified version of the government’s contract with a local subsidiary of Canadian miner First Quantum, after extended talks over regulations concerning the open-pit copper mine the firm operates.
It removed a clause saying the state would consider granting exploring rights for gold, silver and molybdenum, as well as a clause which would have allowed Minera Panama to request airspace restrictions. A congressional committee had called for modifications on an earlier version of the contract and hundreds gathered near Panama’s government buildings in recent weeks to protest it, demanding more environmental protections and fewer expansion permits.
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