Advanced Search

LatinNews Daily - 20 February 2019

Click here for printer friendly version
Click here for full report

In brief: Panama

* Panama’s President Juan Carlos Varela has participated in the symbolic ceremony of the first copper milling of the Cobre Panama mine in Donoso district, 200km from Panama City. With an investment of US$6bn, Cobre Panama, which is owned by Canada’s First Quantum Minerals Ltd, is the largest foreign investment project in the country’s history and the second most important infrastructure project after the Canal and its expansion. According to a presidential press release it is expected to “provide 3% economic growth annually for various decades”.