Hundreds of demonstrators have gathered near Panama's governmental offices in recent weeks to protest the contract.
Panama’s government authorized on Tuesday the withdrawal of a proposed contract to regulate operations of Canadian miner First Quantum’s local unit, Minera Panama, from the National Assembly to make changes requested by lawmakers.
“We hope to work together with the company Minera Panama to agree on the phrasing needed to resolve the points indicated by the assembly’s trade committee,” the presidency said in a post on social media X. Hundreds of demonstrators have gathered near Panama’s governmental offices in recent weeks to protest the contract, demanding more environmental protections and fewer expansion permits.
President Laurentino Cortizo’s administration and the Canadian miner had agreed on the text of the contract to operate the key Cobre Panama copper mine in March, but it was awaiting the assembly’s approval.Major construction works will begin after the rainy season which is about to start, and will take three years to complete.By mid-October, the throughput is planned to be increased steadily towards a goal of achieving steady state operations of 4,500-5,000 tpd by the end of 2023.
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