Panama Sets Firm Ownership Terms Ahead of Cobre Mine Negotiations

2025-10-20 13:00:03 ET

Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.

“For us, it’s important to have an agreement that states very clearly that resources belong to the Republic of Panama,” Chapman told Bloomberg during the International Monetary Fund (IMF) and World Bank annual meetings in Washington.

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