10B copper mine in Panama, built by First Quantum Minerals, faced anti-mining protests, idled, and plans to reopen with new government.
A $10B copper mine in Panama, built by First Quantum Minerals Ltd., has become a cautionary tale for the energy transition. In 2016, the company was welcomed by Panama's president who warned them that they would eventually have to agree on new terms and pay more taxes. The project faced anti-mining protests and was left idle in the jungle. Now, the company plans to work with the newly-elected Panama government in May to reopen the mine.
April 16, 2024
3 Articles