First Quantum copper mine not on government agenda this year, Panama's Mulino says

Panamanian President Jose Raul Mulino said on Thursday the government will not address issues around a major shuttered First Quantum copper mine until the early 2025.

The lucrative Cobre Panama mine, one of the world's top sources of copper, was shut down in November hours after the country's Supreme Court declared its contract unconstitutional. Panama had provided First Quantum a 20-year mining right with an option to extend for another 20 years, in return for $375-million in annual revenue to Panama.