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First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a resolution to its disputed Cobre Panama mine, the Canadian miner said on Monday.
The outcome is seen by analysts as a positive development for the future of Cobre Panama mine which the outgoing administration ordered closed last year after public protests over environmental damage from mining in the country. “We look forward to a dialogue with the new administration and to working together once it takes office to find a resolution that is in the best interests of Panama,” a First Quantum spokesperson said in an emailed statement.
Shares of First Quantum rose by 2.2% on the Toronto Stock Exchange on Monday morning, but they are still down about 50% from a 52-week high.Eramine Sudamerica joins Argentine lithium race with Salta plant The group, owned by Eramet and Tsingshan, is set to inaugurate its first lithium carbonate plant in the northern Argentine province of Salta.After recently signing a deal for a stake in the Diablillos silver-gold project in Salta province, Central Puerto is committed to getting involved in a second mining venture.The governor of Colombia’s Santander department denounced the presence of members of the Gulf Clan in the Santurbán moor.
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