Panama

Panama has approved a maintenance plan for First Quantum Minerals’ (OTCPK: FQVLF) Cobre Panama copper mine, which was shut down in 2023 following mass protests and a constitutional court ruling. However, officials clarified that approving the maintenance does not mean reopening the site,...

Panama has introduced legislation that would allow citizens to freely buy, sell, and accept Bitcoin (CRYPTO: BTC) nationwide, marking another significant step in the global adoption of cryptocurrencies. What Happened: The bill follows Panama City Council’s recent move to accept Bitcoin,...

The Panama City Council has voted to allow citizens to pay taxes, fines, fees and permits using cryptocurrencies. What Happened: The initiative was spearheaded by Panama City Councilman and tech entrepreneur Mayer Mizrachi, who confirmed the development in a public post on Tuesday. The policy...

Panama’s chief auditor expressed grave concerns over the proposed acquisition of two crucial Panama Canal ports by BlackRock Inc. (NYSE:BLK). What Happened: The Hong Kong-based company, CK Hutchison, is suspected of being in debt for hundreds of millions in unpaid fees and did not secure the...

Panama has shown interest in resolving the future of the shuttered Cobre Panama mine after President Jose Raul Mulino authorized the export of 120,000 tons of copper concentrate stockpiled at the site since its closure in December 2023. "I authorized that they take out the material that is grounded...

Panama is inching closer to a resolution regarding its largest mining asset. President José Raúl Mulino noted his administration is considering "novel ideas" to resolve the dispute with First Quantum Minerals (OTCPK: FQVLF) regarding the Cobre Panama copper mine, pending the resolution of social...

Secretary of State Marco Rubio‘s upcoming visit to Panama is expected to offer crucial insight into the direction of U.S. foreign policy, particularly in Latin America, under the Trump administration. Amid rising tensions over the Panama Canal, the visit could signal whether U.S. policy will...

German Chancellor Olaf Scholz, a member of the nation’s Social Democratic Party, has raised concerns over President-elect Donald Trump’s moves on border integrity. Scholz, who has been chancellor since 2021, highlighted shaky times ahead in relations with Washington and also suggested...

President-elect Donald Trump told reporters at a press conference at Mar-a-Lago on Tuesday that he cannot rule out the use of military force in his quest for U.S. control of Greenland and the Panama Canal.  What To Know: A reporter asked if Trump could assure the American public that he would...

In response to US President-elect Donald Trump’s renewed interest in acquiring Greenland, the Danish government has significantly ramped up defense spending for the Arctic territory. This announcement was made shortly after Trump’s statement. What Happened: Danish Defence Minister ...

Panama’s President José Raúl Mulino strongly rejected President-elect Donald Trump‘s suggestion to return the Panama Canal to U.S. control, highlighting potential tensions that could affect maritime trade through the critical waterway. What Happened: “Every square meter of the...

Yemen’s Houthi rebels have reportedly attacked two crude oil tankers in the Red Sea, as confirmed by the U.S. military. What Happened: The Houthi rebels, who are backed by Iran, targeted the Saudi-flagged “Amjad” and the Panama-flagged “Blue Lagoon I.” The U.S....

Besides posting positive Q2 results driven by higher revenues, Barrick Gold‘s (NYSE:GOLD) management has expressed interest in partnering with the Panamanian government. The Cobre Panama mine, a world-class copper mine, has been idle since last December, and the company says the new...

Canadian miner First Quantum Minerals (OTC:FQVL) will initiate formal arbitration proceedings against Panama in July over the closure of the Cobre Panama mine last November. With 3.0 billion tons of proven and probable reserves, Cobre Panama is one of the largest new copper mines opened globally in...

Panama's National Assembly approved a bill regulating the use and commercialization of cryptocurrencies such as Bitcoin (CRYPTO: BTC). The country serves as a hub of offshore financial services. What Happened: According to a Friday Reuters report, the bill allows...