Panama lawmakers agree to modify bill to annul miner First Quantum contract

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

Nov 2 - Panama's lawmakers agreed on Thursday to modify a proposed bill aimed at annulling the recently-approved contract granted to Canadian miner First Quantum Minerals local unit to operate a key copper mine.

The move comes as thousands of protesters across Panama hit the streets since last Sunday against the contract awarded to the company. Shares of First Quantum lost nearly 50% in the last three days, recovering on Thursday. Shares of the company closed up by 6% at C$15.70 on the Toronto Stock Exchange.

 

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