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The Movement Panama is Worth More Without Mining “is totally in disagreement” with the new contract, because “the amount of losses that we are going to have, in terms of water and the biodiversity that those 25,000 hectares of the concession have, has not been evaluated.” ,

environmental organizations Y Panamanian activists they rejected this wednesday a new contract from concession for a great copper mine exploited by a canadian Capital Company, and asked the Parlamento check it out exhaustive for determine if it complies with the law.

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The Panamanian government and the Mining company Panama, from canadiense First Quantum Mineral (FQM), agreed to sign a new concession contract, after in 2018 He then current out of declared unconstitutionalhim for the Supreme Court of Justice.
As announced by the Executive chaired by Laurentino Cortizo, the new contract rises from 2% to “Come in 12% and 16% royaltiess” y guarantees a contribution minimum annual al State of 375 million dollars,10 times more“of what the company previously.
After the agreement reached by the government and business, it is now necessary to fulfill a series of formalities including the drafting of new contract, the query public, the endorsement of the Comptroller General and approval of the National Assembly (AN, Parliament), advertisement on Tuesday Cortizo.
The Movement Panama is worth more without mining “it’s found totally disagree” with the new contract, because “has not been evaluated the amount of losses that let’s haver, en as for water and the biodiversity that have those 25,000 hectares of the concession“, said this Wednesday to Efe the agency representative, Jonathan Gonzlez Quiel.
“If we change the forest for this extractive activity, a long term there will be no money that I can compensate the loss of environmental quality of our country, more now that we are facing the challenge of climate change. there will be no money who can pay the restoration of the territory, more in one area such as the Biological Corridor Mesoamerican“, area of influence of the copper mine, argument González.
The new pact between Panamanian executive and the miningcontinues to ignore completely the immense natural wealth Y cultural what follows destroying in a protected area key to the connectivity from biodiversity in all the region, where accumulates 295 environmental incidents in the last three years according to their own reports from business“, He said Movement, made up of 35 organizations.
In exchange for royalty increaseyes, he said Movement, “the business has requested necessary protections to guarantee your operation, in a clear allusion to the claim of unconstitutionality filed by him Environmental Advocacy Center in 2008“.
That is why, the environmentalists said, “it is incumbent make a call to the deputies, about which responsibility will now fall, emphasized by the ruling of the Supreme Court of Justice, to scrutinize the contract for determine whether or not you agree to related legal regulation’“.
Located in the dDistrict of Donoso, Caribbean province of Colón, the Cobre Panamá mine, owned by Minera Panamá and one of the largest in Latin America, is the “private investment more grank of the country“, with some $6.7 billion, stated the Panamanian government.
The open pit mine began exporting copper ore in June 2019, after 2018 the Supreme will declare a 1997 law unconstitutional that endorsed the concession, given first to the already extinct Minera Petaquilla, whose rights fell after several sales in Minera Panama.
The ruling responded to an appeal filed by the CCenter for Environmental Incidence (CIAM) considering that the project was harmful to the state and for the natural resources of the country.

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