Despite having agreed to meet with the government, the company decided on Friday to ‘advance efforts’ by going ahead with two arbitration processes, Panama says
Canada-based miner First Quantum Minerals Ltd and its subsidiary Minera Panama started arbitration processes against Panama, the country’s ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations.ordered First Quantum to pause operations at its flagship Cobre Panama copper mine
Despite having agreed to meet with the government, the company decided on Friday to “advance efforts” by going ahead with two arbitration processes, the ministry said in a statement, without giving further details. The government has been and is going to keep working with law firms Squire Patton Boggs and Allen & Overy to solve the disputes, a spokesperson for Panama’s commerce and industry ministry said. Both firms did not immediately respond to a request for comment.
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