PANAMA CITY, March 27 (Reuters) -
First Quantum Minerals ( FQVLF ) said on Thursday it would suspend
public tours of its shuttered copper mine in Panama after the
country's president said the Canadian miner should not give the
impression that the site is operational.
In a regular press conference earlier on Thursday, President
Jose Raul Mulino said there had been no discussion with the
company or further progress on resolving the issue of the mine.
The government ordered its closure in late 2023 following public
protests over environmental concerns.
"I don't want them to give the impression that the mine is
operating," he said.
First Quantum's local unit, Cobre Panama, responded several
hours later in a social media post.
"We have heard the statements from the National Government
and have decided to suspend the public visit program to the
mine," the post said.
When asked at the press conference if he would sign a
new contract with First Quantum in Panama, Mulino said that
possibility could be looked at down the line.
"Everything will be studied, but right now we don't have
anyone to study it with," he said. "We hope to cross that bridge
when we come to it."
He noted that First Quantum must suspend its arbitration
over the mine before the two sides can negotiate next steps,
including the export of 120,000 metric tons of copper
concentrate left at the site.