Panama’s federalgovernment states it has reached an arrangement with a regional subsidiary of a Canadian mining business that will permit it to run for 20 years more
PANAMA CITY — Panama’s federalgovernment revealed Wednesday that it reached an arrangement with a regional subsidiary of a Canadian mining business that will enable it to run for 20 years more.
The federalgovernment had bought the business to stop operations at its substantial open pit copper mine in December, after it stoppedworking to indication a brand-new agreement layingout significantly greater payments.
Minera Panama, a subsidiary of Canada’s First Quantum Minerals Ltd., is the biggest personal financialinvestment in the history of Panama. It utilizes thousands and accounts straight and indirectly for some 3% of Panama’s gross domestic item.
Panama anticipates to recei