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30 Nov

Panama orders First Quantum to close Cobre Panama mine

Following a supreme court ruling earlier this week, Canadian miner First Quantum Minerals has been ordered to shutter its Cobre Panama copper mine. First Quantum’s 20-year mining contract was originally approved by Panama’s government in October, and included an option to extend its mining right by a further 20 years in exchange for $375 million in annual revenue. However, after days of deliberations, the Panama supreme court unanimously ruled on Mond…
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