US EditionPanama will allow controversial mine to export already mined copper to fund maintenance
- Panama announced on Friday that it will permit a previously closed mine to ship a substantial amount of copper concentrate that was extracted earlier, with the proceeds intended to cover maintenance expenses for the inactive site.
- The mine closure followed months of widespread protests and a unanimous Supreme Court ruling in November 2023 that declared the 20-year operational concession unconstitutional.
- The mine, situated in a rich and diverse forested area along Panama’s Atlantic coastline, encountered opposition from environmental advocates, Indigenous communities, and critics who questioned the fairness of Panama’s profit share.
- First Quantum Minerals, based in Toronto, stated that exporting the stored copper concentrate will help cover the costs of upkeep and environmental safeguards while keeping the site secure.
- Panama’s government confirmed the export plan aims primarily to prevent environmental damage while maintaining the inactive mine site without reopening the mine.
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Associated Press News+21 Reposted by 21other sources
Panama will allow controversial mine to export already mined copper to fund maintenance
Panama will allow a controversial mine that was closed after months of protests to export more than 120,000 tons of already mined copper concentrate to pay the costs of maintaining the inactive mine site.
·United States
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Total News Sources87
Leaning Left15Leaning Right11Center24Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 30%
C 48%
R 22%
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