Panama Leaves Door Open to Eleventh Hour Deal for Giant Mine
- First Quantum continues to mine the pit despite order to close
- There may still be time to get deal done before mining stops
The Cobre Panama mine in Donoso, Panama.
Photographer: Luis Acosta/AFP/Getty Images
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A shock announcement by Panama to intervene in a privately run copper mine may not be as definitive as first thought.
First Quantum Minerals Ltd. continues to mine the massive Cobre Panama open-pit despite a government order to close commercial operations after talks for a new tax arrangement collapsed, people with knowledge of the situation said.