Canada-based miner First Quantum Minerals Ltd and its subsidiary Minera Panama started arbitration processes against Panama, the country's ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations.
A general view of Cobre Panama mine owned by Canada’s First Quantum Minerals in Donoso, Panama December 6, 2022. REUTERS/Aris Martinezand its subsidiary Minera Panama started arbitration processes against Panama, the country's ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations.
An official from the country's economy and finance ministry told Reuters on Friday that Panama was looking for aFirst Quantum did not immediately respond to a request for comment. The government has been and is going to keep working with law firms Squire Patton Boggs and Allen & Overy to solve the disputes, a spokesperson for Panama's commerce and industry ministry said. Both firms did not immediately respond to a request for comment.
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