it planed to appeal an order by Panama’s government to halt its giant copper mine in the country as the two sides remain in talks over a new contract that would increase royalties paid by the miner.
The company noted the minimum payment structure proposed is both unique and unprecedented in the mining industry. First Quantum has demanded assurances that the current revised mining code will be in place beyond the current administration, as Panama is gearing up for a general election, expected in May this year.The miner also noted it hadPanama weighs mine options
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