Panama is inching closer to a resolution regarding its largest mining asset. President José Raúl Mulino noted his administration is considering “novel ideas” to resolve the dispute with First Quantum Minerals (OTCPK: FQVLF) regarding the Cobre Panama copper mine, pending the resolution of social security reforms.
“At a government institution level, we are discussing what we are going to do with the mine. It’s a very, very complex topic. Have faith that, once social security is over, we are going to deal with the mine,” Mulino told reporters, according to Bloomberg.
The Cobre Panama mine, which accounted for 5% of Panama’s GDP and 1.5% of global copper production, was abruptly shut down in late 2023.
In October 2023, former President Laurentino Cortizo ratified …
