First Quantum could suspend Panama jobs due to gov't order to halt operations

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First Quantum could suspend Panama jobs due to gov't order to halt operations
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First Quantum could suspend Panama jobs due to govt order to halt operations

PANAMA CITY - Canada-based miner First Quantum would suspend a "significant amount" of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter.

First Quantum was notified on December 21 of a government order for it to create a plan to halt operations within 10 working days, after it missed a deadline for a new contract due to disagreements centered on royalties and tax payments.

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