miningprotests2.075 min read "Panama's Mining Protests Escalate Amidst Growing Street Demonstrations"
Panama's President Laurentino Cortizo has announced a halt to all new mining projects, including those currently seeking permits, amid growing protests demanding the cancellation of a controversial contract that extends operations at the Cobre Panama copper mine for two decades. The extended concession for the mine, operated by Canada's First Quantum, guarantees the state at least $375 million annually and accounts for nearly 5% of Panama's economy. Thousands of protesters have taken to the streets criticizing the deal and its environmental impact, leading to road blockades and the suspension of classes.
2 years ago•Source: Reuters
