News Formal

Panama's Assembly looks to revoke contract for Canadian mining company after public outcry

  • 📰 SooToday
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

PANAMA CITY (AP) — Facing a second week of impassioned, nationwide protests, Panama's National Assembly has nearly passed a new law revoking a controversial mining contract in an environmentally vulnerable part of country.

The bill passed a second debate late on Wednesday and now faces a final vote Thursday in which no changes can be made.

Before legislators debated the extraordinary measure, Cortizo first proposed a national referendum on the contract. Eight lawsuits were also filed with Panama's Supreme Court arguing it was unconstitutional. Critics warned using a new law to revoke the contract could leave the government liable to legal action from Minera Panama. If, however, the Supreme Court declared the contract unconstitutional, lawyers said it would be annulled without the risk of possible multi-million dollar lawsuits.

The mine is “in the middle of a jungle,” according to Minera Panama’s own contractor, Jan De Nu Group. In particular, it lies in Panama's share of the Mesoamerican biological corridor, an important migratory route which studies estimate contains up to 10% of all known species.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Panama's Assembly looks to revoke contract for Canadian mining company after public outcryPANAMA CITY (AP) — Facing a second week of impassioned, nationwide protests, Panama's National Assembly has nearly passed a new law revoking a controversial ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »