Protesters march in Panama against the contract extension for a huge copper mine - News Summed Up

Protesters march in Panama against the contract extension for a huge copper mine


(AP Photo/Arnulfo Franco)PANAMA CITY -- Protesters blocked streets across Panama on Monday, demanding the government rescind a contract to continue copper mining in a biodiverse region. Across Panama City, peaceful protesters handed out fliers, but in some areas on the outskirts of the capital police met protesters with tear gas. In March, Panama's legislature reached an agreement with Canadian mining company First Quantum, allowing its local subsidiary, Minera Panama, to continue operating a huge open-pit copper mine in central Panama for at least 20 more years. The new contract, initially slowed by labor disagreements, secures Panama at least $375 million a year from Minera Panama, over 10 times more than the previous deal. It represents one of the largest national mining contracts in a region where other countries like Costa Rica regulate the sector more stringently and El Salvador which banned metal mining in 2017.


Source: ABC News October 24, 2023 02:35 UTC



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