"Panama's Mining Protests Escalate Amidst Growing Street Demonstrations"

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Source: Reuters
"Panama's Mining Protests Escalate Amidst Growing Street Demonstrations"
Photo: Reuters
TL;DR Summary

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.

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