First Quantum mine contract going to National ReferendumI live in Panama. We've had protests and road closures for the last 8 days. There was no way to get around. Yesterday, gas stations ran out of gasoline in our region due to blocked roads.
The country has turned 100%"anti-mining". Everyone thinks the deal is a huge ripoff of the Panamanian people. I don't necesarily agree, but I think Cobre Panama has done a horrible job over the years of selling the benefits of the mine to the people.
The anti-mining attitude is related to a whole host of issues regarding government corruption, incompetence and lack of basic government services. The people have had enough, and unfortunately, the mine's contract became a lightening rod for discontent.
I dont' think the referendum will approve the contract.
sources: https://www.prensa.com/
https://www.tvn-2.com/nacionales/presidente-cortizo-anuncia-referendum-derogacion_1_2088248.html
so, we're probably looking at international arbitration....