en.Wedoany.com Reported - Panaman President José Raúl Mulino announced the formation of an interagency team responsible for preparing a technical, economic, and environmental status report on the Cobre Panamá copper mine located in Donoso, Colón Province. The mine is operated by Canada's First Quantum Minerals.

In a national address on June 4, Mulino revealed that the interagency team is composed of Minister of Trade and Industry Julio Moltó (serving as team leader), Minister of Economy and Finance Felipe Chapman, and Minister of Environment Juan Carlos Navarro. The team will consult legal, technical, economic, and environmental experts to determine the mine's future based on clear, objective information and concrete data.

The President emphasized that a specific and serious report will be produced. He referenced the approach taken previously on port issues and stated that the same responsible attitude would be adopted, listening to experienced individuals to make the best decision for the country and its people.

On November 28, 2023, the Supreme Court of Panama declared the concession contract for the mine, operated by Minera Panamá (a local subsidiary of Canada's First Quantum Minerals), unconstitutional. The ruling was based on a lack of robust environmental safeguards and violations of Law No. 287. The Cobre Panamá copper mine was once an economic pillar for Panama, contributing over 1% of global copper production and creating thousands of direct and indirect jobs. In April 2026, authorization was granted for the removal of mining materials in the Donoso area, initiating the extraction and shipment of ore abroad.

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