The mining company suspends the mineral processing line

Minera Panamá reported that it has started to reduce its operations as a result of the blockade of small ships in the port of Punta Rincón, from where it exports copper and other minerals, and because of protests that have lasted more than three weeks due to the rejection of the company’s contract with the state.

Of his three operating lines, he left one out of trafficwhile the other two mineral processing plants remain in operation, the company reported.

He the blockade of the port affected the supply of raw materials to the mine’s power plantwhich is essential for its operation, as well as for the loading of copper concentrate onto ships.

The mining company has warned that if the protests continue to disrupt work on the project, the reduction of mineral processing will have a direct impact in more than 7 thousand workers and contractors.

It will also lead to a reduction in mining activity in terms of procurement of supplies and services, which represents loss of 20 million dollars per week for more than 2000 companies.

The first quantthe parent company of the copper mine, reaffirmed its commitment to dialogue to resolve the issues raised by the Panamanian people, with the goal of establishing long-term relations.

Moreover, “reserves the right to use all available options to protect themselves in accordance with their treaty rights and international law.”

He the contract between the state and the mining company is in force through Law 406which has not been repealed and lawsuits remain against him against the Constitution, filed before the Supreme Court of Justice.

Protests against the treaty have begun since it came up for debate in the first hearing of the House Committee on Trade and They got worse after he was sanctioned by President Laurentino Cortizolast October 20.