Panama President Laurentino Cortizo ordered Minera Panama, S.A. (MPSA), a subsidiary of First Quantum Minerals Ltd. (FQM), to cease operations at the Cobre Panama copper mine for failing to reach a beneficial agreement for both parties. The government, for its part, said that the Canadian company did not fulfill its commitment to the Panamanian people. Formal discussions between FQM, MPSA and the Panamanian Government resumed on December 26, 2022, regarding the long-term future of the Cobre Panama mine.
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