Cobre Panamá, the largest open pit copper mine in Central America, is operated by Toronto-based First Quantum Minerals. After some 250,000 people in Panama took to the streets to protest against corruption and environmental damage at the mine, Panama’s supreme court declared that First Quantum’s contract to operate the mine unconstitutional, causing it to be shut down.
On November 28, Panama’s Supreme Court ruled unanimously that the 20-year contract granted to Canadian mining company First Quantum is unconstitutional. The decision came after weeks of nationwide protests forced the government to announce a referendum on First Quantum’s contract for December 17. Now, however, the court seems to have decided the fate of the mine.