Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Tuesday, January 14, 2025

The University of Panama has received a donation of a greenhouse from Cobre Panamá

During the renegotiation of the concession contract for the Cobre Panamá project of Minera Panamá, now First Quantum Minerals Ltd, a series of agreements have been reached on environmental matters, leading to the conclusion of discussions on this topic at the negotiating table. The Minister of Environment, Milcíades Concepción, explained some of the achieved agreements, which include:

  1. Establishment of an office within the mine’s concession area responsible for overseeing, controlling, and supervising environmental, labor, and other relevant activities.
  2. Obligation to implement a continuous maintenance program for all mining structures, infrastructure, and project-related services.
  3. Development of a Contingency Plan and installation of a real-time monitoring system with stations to respond immediately to environmental incidents and emergencies.
  4. Creation of a soil status database.
  5. Presentation of a Mine Closure and Post-Closure Plan.

The Minister of Commerce and Industries, Ramón Martínez, stated that the points discussed at the table were proposed by the Government, and the mining company accepted all of them. Martínez reiterated that the designated team acts in the national interest, seeking to maximize the benefits of copper exploitation in the mine. He also emphasized that copper belongs to Panama, just like our territorial sovereignty. The Minister of Commerce and Industries highlighted that one of the objectives of the Panamanian State is to align mining contracts with international standards to ensure best practices in mineral exploitation.

Regarding labor issues, Martínez revealed that the upcoming discussions with Minera Panamá will focus on labor negotiations. He mentioned that the proposal presented by the Minister of Labor, Doris Zapata, addresses labor-related aspects concerning the participation of foreign workers in mining activities. The Minister of Commerce and Industries indicated that those are the topics they are currently discussing and that he cannot provide a conclusion at this moment.

For the renegotiation, the Government of Panama convened an elite commission composed of government representatives, national negotiating experts, and a group of international experts. COBRE PANAMA, MINERIA COBRE; FIRST QUANTUM COBRE PANAMA, MINERIA COBRE; FIRST QUANTUM COBRE PANAMA, MINERIA COBRE; FIRST QUANTUM

 

Don't miss