The Panamanian government has rejected Canada-based miner First Quantum's legal proceedings to avoid halting operations at the Cobre Panama mine, the Commerce and Industry Ministry said in a statement on Friday.
A general view of Minera Panama owned by Canada's First Quantum Minerals in Donoso, Panama December 6, 2022. REUTERS/Aris Martinezlegal proceedings to avoid halting operations at the Cobre Panama mine, the Commerce and Industry Ministry said in a statement on Friday.
First Quantum was notified on Dec. 21 of a government order for it to create a plan to halt operations within 10 working days, after it missed a deadline for an agreement on increasing its payments to the Panamanian government.days after the order to halt operations. A company spokesperson told Reuters that Minera Panama, the firm's local subsidiary, "is working through steps to respond to the ministry's resolution, whose impact and timing remain uncertain and in order to address the complex practicalities of reducing operations of the size and scale of Cobre Panama.
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