View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022.
REUTERS/Aris Martínez/File Photo Acquire Licensing RightsNov 24 (Reuters) - Panama's top court started deliberations on Friday to rule on several constitutional challenges to First Quantum Minerals' (FM.TO) contract for the Cobre Panama mine, an outcome keenly watched by the global copper market and investors.
Cobre Panama is one of the world's biggest and newest copper mines, producing about 1% of global copper supply.
"Over the long-term we've invested more than $10 billion in turning the Cobre Panama into a world-class asset," Pascall was quoted as saying.
However, Panama's top court in 2017 deemed unconstitutional the law under which First Quantum was operating the mine.
Persons:
Tristan Pascall, Pascall, Greta Thunberg, Leonardo Di Caprio, Quantum, Valentine Hilaire, Divya Rajagopal, Denny Thomas, Sonali Paul
Organizations:
Minerals, REUTERS, Aris, Reuters, First, Central, LatAm, Co, Thomson
Locations:
Panama, Donoso, Central American, Jiangxi