The Supreme Court of Panama ruled this contract unconstitutional, citing violations of 25 articles of Panama’s constitution.
Source - Google
Environmentalists, students, indigenous groups, and labor activists have welcomed the court’s decision.
Source - Google
Analyst Alice Fox said that a permanent shutdown of the Cobre Panama mine could lead to a deficit in the copper market in 2024.
Source - Google
Panama’s President, Laurentino Cortizo, announced on X (formerly Twitter) and in a televised address that the mine will begin an orderly and safe closure.
Source - Google
This ruling was celebrated by thousands of Panamanians who had been protesting against the mine.
Source - Google
First Quantum stated their respect for Panamanian law and their intent to review the ruling’s details.