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