“Obviously, we have a keen interest in seeing resolution to this, and are optimistic that both parties are negotiating in good faith,” said the source, who is familiar with the discussions.
Canada’s Trade Minister Mary Ng spoke with Panama’s Commerce and Industries Minister Federico Alfaro about a week ago, the source said, and they have remained in contact by chat since then.
“We have also heard from (the company) to ensure that Minister Ng and our team stays engaged in keeping this on the front burner,” said the source, who was not authorized to speak on the record.
The Cobre Panama mine is considered the largest private investment in the Central American country, accounting for roughly 3.5% of its gross domestic product.
First Quantum reported revenue from Cobre Panama of $2.29 billion in the first nine months of this year. It shares the joint venture with Korea Panama Mining Corp (KPMC), which holds a 20%…
