Panama's president, Laurentino Cortizo, said on Monday the government has presented Canadian miner First Quantum Minerals a final contract to regulate operations.
A general view of Minera Panama owned by Canada's First Quantum Minerals in Donoso, Panama December 6, 2022. REUTERS/Aris Martinez
PANAMA CITY, Jan 2 - Panama's president, Laurentino Cortizo, said on Monday the government has presented Canadian miner First Quantum MineralsCortizo, during a speech to the nation, vowed to abide by the constitution in the negotiations and to establish a "fair relationship" between the parties.over such issues as contract stability and the government's plan to increase annual royalties to $375 million, which has been at the forefront of discussions.
Crispiano Adames, president of the country's National Assembly, said during a separate speech he had proposed a new mining code to avoid the needs of Panama being put behind those of multinational companies.Our Standards:
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