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First Quantum suspends $6.4-billion Panama project

Friday, June 27, 2014

Minera Panama, a subsidiary of Canada’s First Quantum Minerals, said on Thursday it has shut down until further notice a $6.4-billion copper project in the country, citing labor disruptions.

Opposition to a new work schedule sought by Minera Panama during the project’s construction phase sparked the conflict, the company said in a statement.

Since Sunday, nearby highways have been blocked by defiant workers as others have engaged in what Minera Panama describes as illegal work stoppages.

Source: Globe and Mail