Canada-based miner First Quantum would suspend a 'significant amount' of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter.
A general view of Cobre Panama mine owned by Canada’s First Quantum Minerals in Donoso, Panama December 6, 2022. REUTERS/Aris Martinez/File Photo
"If we have to reduce operations to care and maintenance mode, the company will need to take steps to reduce expenditure across the business. We could be forced to suspend a significant amount of our valued workforce," the letter sent to employees and seen by Reuters said. within 10 working days, after it missed a deadline for a new contract due to disagreements centered on royalties and tax payments.
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