The board meeting had been previously scheduled, and there are no plans at this time for executives to meet with the government, the source said.
“They will visit the mine in a show of commitment to Cobre Panama and its employees,” the source added about the visit of directors and members of the executive management team.
A spokesperson for the company did not immediately reply to a request for comment.
Both parties are negotiating under pressure since Panama’s government issued an order for the firm to halt its mining operations, and First Quantum started arbitration proceedings.
The Canadian miner said it would suspend a “significant amount” of jobs if forced to halt its Panamanian operations.
The Cobre Panama mine is a lucrative asset. It accounted for more than half of First Quantum’s earnings before interest, tax depreciation and amortization (EBITDA) in 2021 and represents about 3.5% of Panama’s gross domestic…
