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Weekly Report - 06 June 2019 (WR-19-22)

Panama’s largest foreign investment project suspended

Panama’s congressional economy & finance commission rejected a legislative initiative (766) on 29 May regarding a contract between the state and Minera Panamá, the local subsidiary of Canada’s First Quantum Minerals Ltd. The contract relates to the development and operation of the Cobre Panamá copper mining project – the largest foreign investment project in Panama’s history (with an investment of over US$6bn) and the second most important infrastructure project after the Canal and its expansion.

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