https://www.miningweekly.com

Significant 'advances' made in Panama copper mine dispute – Minister

14th February 2023

By: Reuters

  

Font size: - +

PANAMA CITY - Talks between Panama's government and Canada's First Quantum have yielded significant "advances" on water payments, taxes, and easements in the drafting of a new contract for the firm's major copper mine, a senior government Minister said on Tuesday.

"I hope to resolve the remaining contention points soon," said Federico Alfaro, Panama's Trade and Industry chief, told Reuters at an event hosted by the Ministry.

First Quantum and Panama's government have been locked in a prolonged contract dispute with tax and royalties at the heart of the stalemate.

The Minister did not provide a deadline to reach a deal.

Pending issues include language that would govern termination of a new contract in the event of violations, Alfaro noted.

Panama's maritime authority last month ordered First Quantum's local subsidiary, Minera Panama, to suspend loading operations at a major port, blocking exports from the Cobre Panama copper mine.

The company did not immediately reply to a request for comment on the status of the talks.

The government has issued an order for the mine to halt operations, but the order's deadline has not yet elapsed.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.053 0.887s - 114pq - 2rq
Subscribe Now