Page 79 - First Quantum News Today

Amid the biggest social unrest to hit Panama since protests in the 1980s against dictator Manuel Noriega, the National Assembly passed a law banning new mining concessions for metal exploration or extraction.

Panamas abrupt moves this week to potentially annul the contract for one of the worlds biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out...

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Panama's parliament on Friday approved a moratorium on new metal mining contracts after thousands took to the streets for days on end to protest a deal with a Canadian copper company. The ban approved Friday for an indeterminate period of time does not affect the already-signed First Quantum deal -- the constitutionality of which is being reviewed instead by Panama's Supreme Court.

Panama's abrupt moves this week to potentially annul the contract for one of the world's biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out about 40% of First Quantum Minerals' market value. Lawmakers on Thursday ended efforts to scrap the contract by law, while a proposed bill to decide the future of the deal signed by First Quantum and the Panama government through a referendum in December is stuck in Congressional proce...

Panamas parliament on Friday approved a moratorium on new metal mining contracts after thousands took to the streets for days on end to protest a deal with a Canadian copper company.

The Panamanian government has called a referendum to decide the fate of a contentious copper mining project, in what is now being viewed as a major victory for activists across the region.

(Bloomberg) -- Panama’s congress voted to repeal a mining contract with First Quantum Minerals Ltd. Wednesday in the second of three required votes, making a proposed referendum on extending or revoking the contract unnecessary.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaReal Estate Industry Takes Fresh Hit With Verdict on CommissionsFed Signals Yield Rise Reduces Need to Hike, ...

Facing a second week of impassioned, nationwide protests, Panama's National Assembly has nearly passed a new law revoking a controversial mining contract in an environmentally vulnerable part of country. Panama's legislature first agreed a contract extension with Canadian mining company First Quantum and it's local subsidiary, Minera Panama, in March. The resulting protests — the largest since a cost of living crisis last July — have sparked a series of backtracks ...