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Weekly Report - 07 December 2023 (WR-23-49)
PANAMA: Fallout begins from top court ruling on key mine
Panama’s minister for trade & industry (MICI), Federico Alfaro, has become the first high-level official to step down following last week’s supreme court (CSJ) ruling against the new contract between the Panamanian subsidiary, Minera Panamá S.A. (MPSA), of Canadian mining company First Quantum Minerals (FQM) and the government regarding Cobre Panamá, the country’s biggest mine [WR-23-48]. In his resignation letter Alfaro warned of “serious consequences” for the country as a result of the ruling (which was hailed as a major victory for the environmental lobby), predictions which are already materialising.
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