The Mining Chamber of Panama (Camipa) considers the start of negotiations for a new contract between the Panamanian government and Minera Panama, S.A. as a “positive” development. According to the chamber, this process recognizes the importance and relevance of the mining sector in sustainable development and economic recovery of the country, putting an end to a period of uncertainty caused by the Supreme Court ruling.

In a statement, Camipa reaffirms the importance of the negotiations resulting in a scenario where all involved parties, including the company, the government, and Panamanian citizens, obtain benefits. The guild highlights the need to maximize the benefits derived from the mining sector through the agreements while sending a clear message of confidence to investors, demonstrating Panama’s respect for the legal security of investments and proper handling of the renegotiation.

Camipa emphasizes the significant relevance of this negotiation as a way to convey a strong and resolute message about equity in foreign investment in Panama. The goal is to attract capital that drives the growth of both the mining sector and all economic sectors in the country. At a time when generating quality jobs and opportunities is crucial for economic recovery, these investments play a fundamental role.

After the announcement made by President Laurentino Cortizo on Tuesday about the start of conversations with Minera Panama, a series of meetings have taken place. Two months ago, the government formed a negotiating team composed of various authorities, including the Minister of Commerce and Industries, Ramón Martínez, who will act as coordinator in this matter. Additionally, the Minister of Economy and Finance, Héctor Alexander, the Minister of Environment, Milciades Concepción, and the Minister of Labor and Labor Development, Doris Zapata, among others, are participating. FIRST QUANTUM MINERIA COBRE COBRE PANAMA FIRST QUANTUM MINERIA COBRE COBRE PANAMA FIRST QUANTUM MINERIA COBRE COBRE PANAMA