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Miner First Quantum faces rocky road as Panama protesters dig in

(Reuters) -Battered Canadian mining company First Quantum Minerals is bracing for a rocky road ahead as Panama moves to strike down its contract to operate one of the world's largest copper mines. Panama's shock decision on Sunday to call a binding vote on whether to scrap the mine's recently struck 20-year contract sparked a sell-off in Vancouver-based First Quantum shares. Investors wiped out about C$8.35 billion ($6 billion), or 48%, from the company's market value this ...
Panama Canal Panama General Frank De Lima Laurentino Cortizo Adriana Linares Edison Broce
Source: yahoo.com

Panama's leader calls for referendum on mining concession, seeking to calm protests over the deal

Protests in Panama have extended into a second week over a long-term copper mining concession for a Canadian company. Panama’s government sought to calm anger by promising Monday to let Panamanians decide in a referendum whether to scrap the deal. A broad cross-section of society has joined in demonstrations across Panama for more than a week demanding the government rescind the contract with a local subsidiary of Canada’s First Quantum Minerals. Critics say the concession puts Panama’s en...
Panama Canal Panama General Omayra Avenda Roger Tejado Laurentino Cortizo Canada First Quantum Minerals

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