Panama has announced the closure of a controversial copper mine after the Supreme Court ruled that a 20-year concession granted to a Canadian firm to operate it was unconstitutional. The decision has been welcomed by environmentalists who said the open-pit mine threatened water supplies. Cobre Panamá is located in a biodiverse jungle area on Panama's Atlantic coast. The government's renewal of its contract with First Quantum Minerals had triggered mass protests.
'It's critical that we get mining right': Yukon copper mine shut down amid environmental scrutiny
The company said it faced a “challenging and disappointing first quarter” this year, in which copper production declined. It also faced scrutiny from the Yukon government regarding its water treatment plans and owed royalty payments to the Selkirk First Nation, Yukon’s energy and mines minister John Streicker said in an interview. In a statement on May 13, Minto Metals chief executive Chris Stewart said the decision to cease operations was “extremely difficult,” but the company was acting responsibly to avoid “any damage” to the environment.