Reuters exclusively reported that Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its contract unconstitutional.
EnergyGovernment
Panama president directs First Quantum to shut copper mine after court ruling
28 November 2023, 2:17 am 1 minute
Market Impact
First Quantum (FM.TO) shares closed down 0.8%. The company has lost more than C$10 billion ($7.4 billion) of its market value since the protests started in late October and the mine was later forced to suspend production.
Article Tags
Topics of Interest: EnergyGovernment
Type: Reuters Best
Sectors: Commodities & EnergyGovernment & Public Services
Regions: Americas
Countries: Panama
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
