The Canadian miner said it’s still pursuing a “win-win” resolution in negotiations over its $10-billion mine with the Panama government, which halted discussions and ordered it on Thursday to suspend operations. (The Logic)
The Canadian miner said it’s still pursuing a “win-win” resolution in negotiations over its $10-billion mine with the Panama government, which halted discussions and ordered it on Thursday to suspend operations. (The Logic)
The Canadian miner said it’s still pursuing a “win-win” resolution in negotiations over its $10-billion mine with the Panama government, which halted discussions and ordered it on Thursday to suspend operations. (The Logic)
Talking point: About 40,000 jobs are on the line, according to First Quantum, and the shutdown comes amid worries of a long-term shortage of the metal needed for wires in renewable power sources and electrification of appliances and cars. The Panama government said First Quantum made unreasonable demands and sent a proposal late in negotiations that fundamentally changed aspects of their agreement. The project has also faced opposition from environmental groups. First Quantum, which has offices in Toronto and Vancouver but operates mines around the world, said the Panamanian government “seeks a refreshed concession contract that does right by the country, its people and its economy, and we believe our proposal achieves just that.”
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