Mining giant reacts to Panama court ruling

Minera Panama, a subsidiary of First Quantum Minerals Ltd, understands that the recent decision of the Supreme Court   over  a Petaquilla  mining concession  recent only affects the promulgation of Law 9 and does not affect the mining concession contract itself, which remains in effect and therefore allows the continuity of the development of the Cobre Panama project says a  First Quantum  press release issued on Tuesday, September 25

Minera Panama is in the process of obtaining and formally examining the ruling and its applicability and is working with the appropriate parties to identify the appropriate legal resources. Such remedies would need to be analyzed by the Supreme Court.

The Cobre Panama project employs more than 12,600 people, of whom approximately 1,500 come from the neighboring communities of Donoso and La Pintada. The  $7.5 billion project is the largest private investment in the history of Panama.