Uncertainty overwhelms Panama Copper suppliers

More than two thousand Panama Suppliers Panama Copper, the project he is developing Mining Company Panama, SAthey expressed concern for the future contract law 406 which will be discussed in the plenary session Supreme Court of Justice from this Friday 24.11.

“We are certified, we do not do anything illegal. We are responsible towards our market and professionals”said a spokesman for suppliers from the communities surrounding the mine, associates of companies with Panamanian capital and transnational companies.

He believes that it is an economic contribution Panamanian copper exceeds $1 billion in payments to suppliers that in turn create more than 40,000 jobs.

90% of companies are small and medium-sized, create jobs, pay taxes and are committed to the highest environmental and safety standards, they say. These are providers of transportation, human resources, catering, consulting, energy, fuel, cleaning, maintenance and various other services.

“We are faced with loans and obligations that we have to fulfill, aware that the effect of our work goes beyond our own lives. Our associates,
they come from different regions of the country, they depend on us to guarantee their income and, therefore, the stability of their families,” indicate.

The situation faced by the subsidiary company Canadian First Quantum Minerals Ltd, It forced suppliers to terminate their contracts for the last quarter of the year, sent staff on early vacation and reduced their opportunities for new hires.

From the decision in Supreme Court of Justice It will depend on whether they give up the workers or not, the spokesman said.

“We have always been willing to provide concrete evidence of how each of our companies deals with environmental challenges and social obligations.
what it means to be a world-class mine supplier,” they pointed out at the press conference.

“Behind Cobra Panama, there are thousands of families whose lives depend on this activity. Our business It is not only a means of earning a living; It is a source of pride and a significant contribution for the benefit of our society”they added.

Suppliers are appealing to the unit to find a solution that will ensure the preservation of their livelihoods and the well-being of their communities.

“Uncertainty grips us due to the non-reaction and inaction of the state regarding the closing of the streets, conclude.