Earth Science News
FROTH AND BUBBLE
Mine operator suspends arbitration against Panama
Mine operator suspends arbitration against Panama
by AFP Staff Writers
Panama City (AFP) April 1, 2025

The Canadian-owned operator of Central America's biggest copper mine confirmed Monday it will suspend arbitration proceedings against Panama over its closure, after starting talks with the government on reopening the pit.

Following weeks of crippling protests over the Cobre Panama mine's environmental impact, Panama's Supreme Court in November 2023 ruled that a concession contract signed by former president Laurentino Cortizo's government was unconstitutional.

Cobre Panama is is controlled by Canada's First Quantum Minerals.

In response, First Quantum initiated international arbitration proceedings seeking $20 billion in compensation.

But in recent weeks both sides have said they want to negotiate resuming operations at the mine.

"After a commitment with the legal advisers of the government of Panama, First Quantum has agreed to halt the arbitration proceedings," the company said in a statement.

On March 14 it had said it was prepared to take this step.

A day before that, Panamanian President Jose Raul Mulino announced that he had authorized the firm to export the copper concentrate it had already extracted.

Mulino said a suspension of the arbitration was a condition for dialogue on reopening the mine.

And he criticized environmental advocates who oppose the reopening under any circumstances, saying the mine is important to Panama's economy and employment.

The mine had produced about 300,000 tons of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output.

fj/dw/jgc

First Quantum Minerals

Related Links
Our Polluted World and Cleaning It Up

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
FROTH AND BUBBLE
Barrels of aviation fuel to be moved off ship in North Sea crash
London (AFP) Mar 28, 2025
Salvage operators off the England coast will transfer over 200,000 barrels of aviation fuel from the Stena Immaculate tanker, which was hit by a containership, its US-based operator Crowley said on Friday "During the weekend of March 29-30, operation will commence at sea to transfer the remaining 202,485 barrels of Jet-A1 cargo from the Stena Immaculate tanker to tanker Fure Vyl, which is anchored nearby," Crowley said. The Portuguese-flagged Solong ran into the US-flagged Stena Immaculate about ... read more

FROTH AND BUBBLE
Like 'living in hell': Quake-hit Mandalay monastery clears away rubble

Lessons and liquids: buried alive in Myanmar's earthquake; Ceasefire declared

Chinese developer under scrutiny over Bangkok tower quake collapse

Sirens wail and families cry at Myanmar disaster site

FROTH AND BUBBLE
Eco-friendly rare earth element separation: A bioinspired solution to an industry challenge

Kazakhstan discovers its 'largest' rare earths deposit

Scientists build novel quantum material from two extreme compounds

Metamaterials enable ultra-efficient mechanical energy storage

FROTH AND BUBBLE
Kazakh lawmaker calls for regulation to protect Caspian Sea

Macron vows to defend science as host of UN oceans summit

Deep-dive dinners are the norm for tuna and swordfish, MIT oceanographers find

Deep sea mining impacts visible for 'many decades'

FROTH AND BUBBLE
New model reveals global chain reaction behind ancient sea level surge

Denmark criticises 'tone' of Vance's Greenland comments

Vance says Denmark has 'under-invested' in Greenland

Putin calls dismissing U.S. interest in Greenland a 'profound mistake'

FROTH AND BUBBLE
New insights reveal how social dynamics drove the rise of agriculture

Technology developed by MIT engineers makes pesticides stick to plant leaves

EU unveils plans to help wine sector; France says China grants delay over cognac duties

Hundreds of fungi species threatened with extinction: IUCN

FROTH AND BUBBLE
Greek tourist islands hit by flash floods; 'Heartbreaking' floods swamp Australia's cattle country

Myanmar holds minute of silence for more than 2,000 quake dead

Nuclear monitoring data points to undersea landslide as cause of West Africa internet outage

Indonesia volcano spews ash as locals warned about air quality

FROTH AND BUBBLE
DR Congo commutes death sentence against 3 Americans to life in prison

Guinea ex-dictator freed from jail after 2009 massacre pardon: junta

Sudan army chief says war will not end until RSF lays down its arms

DRC seeking 'safe exit' for southern African troops

FROTH AND BUBBLE
Thailand rescue dogs double as emotional support

Colombia's lonely chimp Yoko finds new home in Brazil

Beijing simplifies marriages to encourage Chinese to wed

When did human language emerge?

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.