Mining News of Note Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (170366)	3/1/2023 12:54:04 PM
From: LoneClone	Read Replies (1) of 192542

Panama and Canada's First Quantum nearing agreement over copper mine -lawyer ca.finance.yahoo.com Valentine Hilaire Tue, February 28, 2023 at 4:39 p.m. PST·1 min read By Valentine Hilaire MEXICO CITY, Feb 28 (Reuters) - The Panamanian government and Canada's First Quantum are nearing an agreement on their negotiations over the contract to operate a major copper mine, Ebrahim Asvat, a lawyer advising the government on the negotiations told Reuters on Tuesday. An agreement could be reached in less than two weeks, Asvat said, noting there are only three issues left to be solved, with two of them being in the final stage of negotiations. Asvat said the third issue was an "economic aspect" which involved the company asking for more tax deductions that would hurt the government's income from the mine in times of high production and copper prices. Nevertheless, Asvat said he believes "an agreement is imminent". The company and Panama's government have been locked in a prolonged contract dispute with tax and royalties at the forefront of the stalemate. In a latest twist, an order from Panama's maritime authority banning cargo operations at a port forced the firm to halt its ore processing operations.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next