Government rejects stake in Minera

The rejection of the idea that the State had a stake in the Minera Panama mine recommended by Marcel Salamín led to his departure from the high-level commission of officials and advisers to renegotiate the contract with the mining company.

The Government has already consolidated what would be its proposal The Minister of Commerce, Ramón Martínez, indicated that the proposal has several important foundations, among which he highlighted the restructuring of the royalty scheme and the elimination of exemptions in favor of Minera Panama

Before the end of this month, the Government would present its proposal to Minera Panama. So far, they have not sat down to discuss the scope of the changes they hope to achieve in the reform of the concession contract reports La Prensa.

Since Minera Panama dispatched the first vessel with copper concentrate, in 2019, and until the first quarter of this year, it has generated sales of $2.235 billion. Of this total, the State has received $35 million.