DONOSO (Panama), March 22 — Piles of copper concentrate from a Canadian-owned mine closed by the Panama courts in 2023 sit on the shores of the Caribbean Sea and are now approved...
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Earlier this month, Panamanian President Jose Raul Mulino announced that he had authorized the firm to export the copper concentrate it had already extracted before Central America’s largest open-pit mine was shut.In response, the mine operator signaled that it was ready to suspend multibillion-dollar arbitration proceedings against Panama over the closure.
In November 2023, following weeks of crippling protests over the mine’s environmental impact, Panama’s Supreme Court ruled that a concession contract signed by former president Laurentino Cortizo’s government was unconstitutional.Not far from the chimney of Cobre Panama’s thermoelectric plant, which has also been given the green light to operate again, there is a huge hole in the ground made with explosives and huge drills.
The closure also left around 36,000 direct and indirect workers unemployed. The mining company now has only about 1,300 employees performing maintenance tasks.
Panama Closed Canadian Mine Environmental Concern
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