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Miner First Quantum faces rocky road as Panama protesters dig in

(Reuters) -Battered Canadian mining company First Quantum Minerals is bracing for a rocky road ahead as Panama moves to strike down its contract to operate one of the world's largest copper mines. Panama's shock decision on Sunday to call a binding vote on whether to scrap the mine's recently struck 20-year contract sparked a sell-off in Vancouver-based First Quantum shares. Investors wiped out about C$8.35 billion ($6 billion), or 48%, from the company's market value this week, registering doubts about First Quantum's ability to operate its crown jewel.

Panama canalPanama generalFrank de limaLaurentino cortizoAdriana linaresEdison broceSteve schererValentine hilaireDivya rajagopalJuan diego vasquezMichael camachoElida morenoDenny thomasJackie przybylowskiFirst quantum mineralsCanada global affairs department

Miner First Quantum faces rocky road as Panama protesters dig in

Miner First Quantum faces rocky road as Panama protesters dig in
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Panama canalPanama generalSteve schererDivya rajagopalElida morenoDenny thomasValentine hilaireMichael camachoJackie przybylowskiJuan diego vasquezFrank de limaLaurentino cortizoAdriana linaresEdison broceCanada global affairs departmentFirst quantum minerals

Panama orders halt to new mining projects as street protests grow | Hellenic Shipping News Worldwide

Panama orders halt to new mining projects as street protests grow | Hellenic Shipping News Worldwide
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Panama minister backs First Quantum copper mine contract despite protests

(Reuters) -Panama's economy and finance minister on Friday reiterated support for a contract allowing the local unit of Canada's First Quantum to operate a major copper mine despite growing protests demanding its cancellation. "Panama is a mining country," Hector Alexander told Reuters, adding that without the mine, its 2023 economic growth would stand at 1% and not the 6% the government is estimating. Last week, lawmakers gave final approval for an extended concession covering the Cobre Panama

United statesLaurentino cortizoEdison broceValentine hilaireHector alexanderFirst quantumCobre panamaPresident laurentino cortizoCentral americanChristian plumbMarguerita choy

Panama orders halt to new mining projects as street protests grow

By Valentine Hilaire (Reuters) -Panama will reject all new mining projects, the president said on Friday, as his government defends a controversial .

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