Ann: Corporate Presentation - IMARC Sydney, page-53

Minera Panamá, a subsidiary of the Canadian company First Quantum Minerals (FQM), will have to shut down the Cobre Panamá mine after the country’s highest court ruled the concession contract unconstitutional.

Last year, the mine produced over 86,000 tons of copper, around 1% of the world’s total production and 5% of Panama’s GDP. But the operation is also exacerbating a current drought and threatening migratory birds, protestors said.The Supreme Court in Panama ruled that the contract for the country’s largest copper mine is unconstitutional, requiring it to shut down.