ReutersPANAMA CITY (Reuters) -Canada-based miner First Quantum would suspend a "significant amount" of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter. First Quantum was notified on Dec. 21 of a government order for it to create a plan to halt operations within 10 working days, after it missed a deadline for a new contract due to disagreements centered on royalties and tax payments. First Quantum is working on the plan, but expects to reach a deal with the government before the order is enacted, the letter said, adding that its next step will be issuing an appeal.

Source: Wall Street Journal January 08, 2023 16:29 UTC