https://www.engineeringnews.co.za

Panama Congress backs repealing First Quantum mine contract

Protests against the mine continued in the streets of Panama City on Wednesday night.

Protests against the mine continued in the streets of Panama City on Wednesday night.

2nd November 2023

By: Bloomberg

  

Font size: - +

Panama’s congress voted to repeal a mining contract with First Quantum Minerals on Wednesday in the second of three required votes, making a proposed referendum on extending or revoking the contract unnecessary.

The bill was voted on by article, and the provision to repeal First Quantum’s revised contract was passed in a 63-0 vote. Congress was convened to a special session on Thursday for a third, definitive vote on the bill. A final vote to repeal would threaten to send the deal extending the company’s mining license by 20 years into arbitration.

The bill also establishes an indefinite moratorium on metal mining nationwide and orders the government to reject all current and future requests for metal mining permits. It prohibits the government from renewing metal mining concessions.

Protests against the mine continued in the streets of Panama City on Wednesday night. Demonstrators blocked main highways and demanded the country’s supreme court declare the contract unconstitutional.

The supreme court has accepted for consideration six lawsuits against the mining contract. The cases claim the deal is unconstitutional for violating national sovereignty over the country’s minerals, breaking international environmental treaties that Panama has signed and failing to follow public bidding procedures.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

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







301

sq:0.047 1.203s - 140pq - 2rq
Subscribe Now