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LatinNews Daily - 03 October 2018

In brief: Panama

* Panama’s private sector lobby Cámara de Comercio, Industrias y Agricultura de Panamá (Cciap) has expressed concerns about the consequences of a supreme court (CSJ) ruling issued on 24 September against a contract signed in February 1997 (Ley 9) by the state with mining company Minera Petaquilla, (at the time owned by Canada’s Petaquilla Minerals) for the extraction of gold and copper in Donoso district, Colón province. The appeal had been presented by a local environmental NGO, Centro de Incidencia Ambiental (Ciam), which argued that the contract violated various articles of Panama’s constitution related to human rights and the environment. However, Canadian firm First Quantum Minerals (which now owns the copper mine in question, Cobre Panama, after the gold mine was shut down in 2014) has issued a statement saying that it understands that the ruling “only affects the enactment of Ley 9, and does not affect the mining concession contract itself, which remains in effect, and therefore allows continuity of development of the Cobre Panama project”.

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