Panama Government to Recommend Copper Mine Restart Through State Tie-up, Sources Say
The ministers’ report weighs legal, environmental and economic factors after an SGS audit rated the mine 87.73% compliant overall.
- On Wednesday, President Jose Raul Mulino received a three-minister commission's report on the closed Cobre Panama copper mine at the Presidential Palace at 8 a.m.
- Mining operations halted in November 2023 after the Supreme Court ruled the mine's contract, Law 406, unconstitutional following widespread public protests over environmental concerns.
- A government commission recommends a state partnership with First Quantum Minerals, proposing a joint venture to make the operation "viable," while the mine achieved an environmental compliance score of 87.73 out of 100.
- Citing the closure's impact, the Panama Mining Chamber urged the government on September 28 to decide on an "orderly restart," noting the loss of 30,000 jobs and nearly $1.4 billion in state revenue.
- President Mulino will make the final decision by year-end 2026, as the government has repeatedly set the end of 2026 as its firm deadline for resolving the mine's future.
17 Articles
17 Articles
The suspension of activities in the mine had economic weight, according to the authorities of Panama. At the same time, the ministerial report that recommends closure includes non-compliances in the environmental area.
Panama City, Sep 30 (EFE).- A commission of the Government of Panama recommended on Wednesday the "ordered closure" of a large copper mine, paralyzed since 2023 by a court ruling that declared the concession unconstitutional, after an unprecedented wave of protests against the project. That is the main recommendation of a report prepared by [...] The entry Recommend to the President of Panama the total closure of mine of 10 billion dollars was f…
A study commissioned by the Government of Panama recommended the orderly closure of the Copper Panama mine, operated by First Quantum Minerals, emphasizing that all costs associated with the process must be fully costed by the Canadian miner. The mine, one of the largest open-air copper deposits in the world, had its operations stalled in 2023 after a wave of protests from local communities against the terms of tax compensation and the socio-env…
Cambridge Times
First Quantum Provides Update on Cobre Panamá
TORONTO, Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) notes the submission of the studies, analysis and comprehensive audit report of Cobre Panamá and its recommendations by the Ministerial Commission to…
Coverage Details
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
