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Panama copper mine to close after Supreme Court rules concession unconstitutional

Mongabay logoSource: MongabayNovember 28, 2023
Panama copper mine to close after Supreme Court rules concession unconstitutional
Panama copper mine to close after Supreme Court rules concession unconstitutional
Mongabay logo

This article is a summary of reporting by Mongabay. Originally published November 28, 2023.

Read the original at Mongabay

Panama's Supreme Court unanimously ruled that Law 406, which approved the concession contract for Minera Panamá—a subsidiary of First Quantum Minerals—was unconstitutional. The ruling followed intense public resistance featuring road blockades that disrupted transit and supply chains across the country. Activists and citizens objected to the environmental risks posed to regional freshwater basins, biodiversity corridors, and water reserves vital to the Panama Canal amidst severe drought conditions. The court's decision effectively mandates a halt to an operation that supplied significant state revenue and global copper output.

AI Summary

Panama's Supreme Court unanimously invalidated the contract for Minera Panamá, compelling the closure of the flagship Cobre Panamá mine.

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