BusinessPostCorner.com
No Result
View All Result
Wednesday, July 16, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Concerns over ‘dangerous gases’ at closed copper mine

August 11, 2024
in Business
Reading Time: 2 mins read
A A
0
Concerns over ‘dangerous gases’ at closed copper mine
ShareShareShareShareShare

The material has been left at the site of Cobre Panamá, a huge open pit copper mine closed since last December, when the country’s supreme court ruled that a new 20-year concession to operate the facility was unconstitutional.

After the ruling the government quickly forced the mine to shut, leaving just maintenance staff at the facility.

The order came after thousands of people took to the nation’s streets last October and November to protest against the mine, which they said was harming the environment.

The facility, one of the world’s largest copper mines, employed some 7,000 people, and accounted for 1% of the world’s copper production. It opened in 2019, and is owned by Canadian firm First Quantum Minerals.

Listen now – Panama’s troubled copper mine

Located deep in a tropical rainforest near Panama’s Caribbean Coast, First Quantum has invested $10bn (£7.8bn) in the mine, including new infrastructure like roads, buildings and machinery.

The company wants to be able to export the existing concentrate. It has filed two international arbitration claims against Panama, although it says that its preferred route is to open dialogue with the new Panamanian government that came to power in July.

The dispute over the concentrate centres on who owns it – the Canadian company or Panama.

“We look forward to continuing to work with the new government to address the situation in relation to the mine,” says First Quantum spokesperson Maru Gálvez, in a statement.

“In particular, it is important to resolve the status of the copper concentrate that remains at the mine site and which all parties have agreed is an urgent matter.”

In response, a government spokesman says they are still assessing the situation and aren’t giving interviews. The new president, José Raúl Mulino, has yet to give a clear message about how he wants to resolve the issue.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Bad weather brings rise in insurance claims

Next Post

JD Vance reiterates support for FTC’s Lina Khan

Next Post
JD Vance reiterates support for FTC’s Lina Khan

JD Vance reiterates support for FTC's Lina Khan

M&A roundup: Meaden & Moore; Platform Accounting expand

M&A roundup: Meaden & Moore; Platform Accounting expand

July 9, 2025
Deloitte Tax acquires Trust Processing Solutions assets

Deloitte Tax acquires Trust Processing Solutions assets

July 14, 2025
‘We suffered bullying, anorexia and being branded as thieves’

‘We suffered bullying, anorexia and being branded as thieves’

July 9, 2025
After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

July 13, 2025
Next Trump budget bill begins taking shape in House

Next Trump budget bill begins taking shape in House

July 14, 2025
California pampers its chickens and Americans pay the price, Trump argues in new DOJ lawsuit

California pampers its chickens and Americans pay the price, Trump argues in new DOJ lawsuit

July 11, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

UK government auditor questions MoD disclosures of Afghan data leak

UK government auditor questions MoD disclosures of Afghan data leak

July 16, 2025
AI training can’t be treated like a checklist, according to experts

AI training can’t be treated like a checklist, according to experts

July 16, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!