HomeMarket NewsMiningPanama Court Slams First Quantum's Unconstitutional Contract

Panama Court Slams First Quantum’s Unconstitutional Contract

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The echoes from the court’s ruling shook the ground as it shattered the fragile peace that lingered over First Quantum’s Cobre Panama mine. The court’s marathon deliberations, stretching from Friday through the weekend with a dramatic 12-hour break concluded with a late-night pronouncement on Tuesday that left a nation in awe.

Speculation hangs heavy in the air as the Supreme Court’s decision is another weight added to the already tipping scale of uncertainties surrounding the future of the mine. How will the ruling shape the path ahead for First Quantum?

From the corridors of power to the streets thrumming with dissent, the seismic shockwaves of the court’s verdict rippled across Panama. First Quantum’s contract extension, previously ratified by legislators, became tangled in a web of doubt. Massive protests, rivaling those seen in the wake of a cost of living crisis last July, jolted the country into an uproar, prompting legislators to review and retract their support.

As the protests spilled onto the land and sea, their impact reverberated across the country. The delivery of vital supplies to the mine ground to a halt, compelling First Quantum to relinquish operations once more this week. Such interruptions not only stung the company but also plagued farmers, schools, emergency services, and a long list of businesses caught in the snare of disrupted activities, as the blocked routes snaked in and out of the capital city.

(This story is still unfolding. Stay tuned for updates…)

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