Panama's economy and finance minister on Friday reiterated support for a contract allowing the local unit of Canada's First Quantum (FM.TO) to operate a major copper mine despite growing protests demanding its cancellation.
View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File PhotoOct 27 - Panama's economy and finance minister on Friday reiterated support for a contract allowing the local unit of Canada's First Quantum"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.
Panama's top court agreed on Friday to consider a second lawsuit challenging the contract, in addition to one accepted on Thursday. Edison Broce, a lawmaker who voted against the contract and has been participating in the protests, told Reuters there will be a "punitive" vote in the upcoming 2024 elections, as the growing number of people demonstrating the contract show the outrage against how things have been handled.
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