Significant ‘advances’ have been achieved in the copper mine dispute in Panama – minister | – #Significant #advances #achieved #copper #dispute #Panama #minister
PANAMA CITY, Feb 14 (Reuters) – Talks between Panama’s government and Canada’s First Quantum have made significant “advances” on water charges, taxes and easements in drafting a new contract for the firm’s major copper mine, a senior government minister said. Tuesday.
“I hope to resolve the remaining points of contention soon,” Panamanian trade and industry chief Federico Alfaro told Reuters at an event hosted by the ministry.
First Quantum and the Panamanian government, deadlocked tax and locked in a long-running contract dispute over royalties.
The minister did not provide a deadline for reaching an agreement.
Alfaro noted that pending issues include language governing termination of the new contract in the event of violations.
Panama’s maritime authority last month ordered First Quantum’s local subsidiary Minera Panama to halt loading operations at a major port, blocking exports from its Cobre Panama copper mine.
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The company did not immediately respond to a request for comment on the status of the negotiations.
The government has issued an order to shut down the mine, but the order has not yet expired.
Reporting by Eli Moreno; Written by Kylie Madry and Valentine Hilaire; Edited by David Alire Garcia and Sandra Maler
Our standards: Thomson Reuters Trust Principles.
2023-02-15 01:36:46
Source – reuters
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