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Widespread disturbances in Panama face $5 billion Inmet Mining copper project

Wednesday, February 8, 2012

The economic policy of Panama has hit trouble in the face of protests, as disturbances in the country have become more widespread.

This is serious for the government, since Canada's Inmet Mining has a $5 billion Cobre Panamá plan to mine copper in the Ngäbe Buglé region, a key investment for the country.

Inmet recently sold a 20 per cent stake in Cobre Panamá to Korean companies and is seeking other companies for the project.

Source: Financial Times