Panama Greenlights Cobre Panama's Exports, Setting Stage For Future Negotiations

Panama has shown interest in resolving the future of the shuttered Cobre Panama mine after President Jose Raul Mulino authorized the export of 120,000 tons of copper concentrate stockpiled at the site since its closure in December 2023.

"I authorized that they take out the material that is grounded there. It is being wasted, and Panama has invested a barbarity of money into it. The issue of the mine must be handled with great responsibility and taking into consideration national interests." Mulino said, according to Reuters.

He noted that First Quantum Minerals (OTCPK: FQVLF), a Canadian miner that operates the site, has to reimburse Panama once the material is processed abroad.

Former President Laurentino Cortizo shut down Cobre ...