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Tag: Panama

The largest copper mine in Central America, roots of a conflict

The largest copper mine in Central America, roots of a conflict The largest copper mine in Central America, roots of a conflict

The Supreme Court of Panama declared this Tuesday “unconstitutional” a mining contract, an expected ruling after more than a month of social tension with marches, road blockades, million-dollar losses in the economy and outbreaks of violence. These are the main dates of the crisis around the largest open pit copper mine in Central America, operated […]

Panama: Supreme Court declares “unconstitutional” the mining contract that is the focus of the crisis

Panama: Supreme Court declares “unconstitutional” the mining contract that is the focus of the crisis Panama: Supreme Court declares “unconstitutional” the mining contract that is the focus of the crisis

The Supreme Court of Justice of Panama declared this Tuesday “unconstitutional” the contract that renewed the exploitation concession of the largest open pit copper mine in Central America, a decision that is expected to end a national crisis and open a front of international arbitrations by the concessionaire, the company Minera Panamá, a subsidiary of […]

Farmers in northern Panama are losing everything in the midst of the mining crisis

Farmers in northern Panama are losing everything in the midst of the mining crisis Farmers in northern Panama are losing everything in the midst of the mining crisis

“I lost lettuce, cabbage and I am saving the potato because it lasts a little longer, but if there is no opening of the streets, we are also going to lose that production”Elfry Rigoberto Rodríguez, one of the thousands of small producers affected by the road blockades that are disrupting the economy, told EFE. Panama […]

First Quantum mine in Panama stops operating at commercial production levels

First Quantum mine in Panama stops operating at commercial production levels First Quantum mine in Panama stops operating at commercial production levels

One of the main copper mines in Panamarun by Canada’s First Quantum Minerals, stopped operating at commercial production levels, a spokesman said Thursday, after blockades by protesters at a key port prevented the firm from receiving shipments of coal that feeds the site. Operations will resume once the port blockade is resolved, a mining company […]

Panama: hope and uncertainty reign due to legal decision on mining contract

Panama: hope and uncertainty reign due to legal decision on mining contract Panama: hope and uncertainty reign due to legal decision on mining contract

Environmentalists and young people have been camping for days in front of the Supreme Court of Justice (CSJ) of Panama with the “hope” of that body declaring unconstitutional the mining contractepicenter of the serious crisis that has been plaguing the country for a month, thus seeking to put pressure on the judges, who begin a […]

Panama: Canadian mining company warns of possible temporary suspension due to blockades

Panama: Canadian mining company warns of possible temporary suspension due to blockades Panama: Canadian mining company warns of possible temporary suspension due to blockades

The Panamanian subsidiary of First Quantum, a Canadian mining company, whose contract with the State to extract copper in an area of ​​abundant biodiversity has sparked weeks of protests in Panamaannounced on Monday that it could suspend its operations because the locks they do not allow them to receive the supplies they need. “If illegal […]

International transportation in Panama loses US$ 200 million a day due to protests

International transportation in Panama loses US$ 200 million a day due to protests International transportation in Panama loses US$ 200 million a day due to protests

The Logistics Business Council (Coel) of Panama estimated this Monday in US$ 200 million daily losses in the sector international transport due to road closures within the framework of the wave of protests against a controversial mining contract, which this Monday enters its fourth week. “Our future depends on our ability to facilitate the transit […]

Copper mine at the epicenter of the crisis in Panama reduces its processing capacity

Copper mine at the epicenter of the crisis in Panama reduces its processing capacity Copper mine at the epicenter of the crisis in Panama reduces its processing capacity

The Cobre Panamá mine, the largest open pit mine in Central America, “has reduced its processing capacity” of the mineral before the “illegal blocking” of its port in the framework of the national protests against this enclave, reported this Monday the concessionaire Minera Panamá, a subsidiary of the Canadian First Quantum Minerals (FQM). “Illegal actions […]

S&P lowers Panama’s outlook to “negative” due to risk to investor confidence

S&P lowers Panama’s outlook to “negative” due to risk to investor confidence S&P lowers Panama’s outlook to “negative” due to risk to investor confidence

The risk rating agency Standard & Poor’s (S&P) reduced from “stable” to “negative” the perspective of Panama before him “risk of potential damage to investor confidence and future private investments derived” of the crisis by a questioned mining contractThe Panamanian Government reported this Wednesday. Blockades of roads for two weeks have caused shortages of food, […]

Parliament of Panama approves the repeal of the mining contract

Parliament of Panama approves the repeal of the mining contract Parliament of Panama approves the repeal of the mining contract

The National Assembly (Parliament) of Panama approved this Wednesday in the second of three necessary debates a bill that repeals the controversial contract with Minera Panamá, a subsidiary of the Canadian company First Quantum Minerals (FQM)amid a wave of anti-mining protests in the country. The plenary session of the Panamanian Parliament, with 71 seats and […]