Panama gives copper mine go-ahead

Lawmakers in Panama repealed on Feb. 10 a law preventing foreign government investment in the country's mining sector, clearing the way for Canada's Inmet Mining to build the largest copper mine in Central America, Reuters reported. Lawmakers approved the overhaul despite cries from anti-mining indigenous groups who broke into the Congress building during the session. Canadian company Inmet is seeking financing for the project from two other companies, one a subsidiary of the Singapore state investor Temasek as well as the state-run Korea Resources Corporation.

Published: Wednesday, 02/16/2011 12:00 am EST

Lawmakers in Panama repealed on Feb. 10 a law preventing foreign government investment in the country's mining sector, clearing the way for Canada's Inmet Mining to build the largest copper mine in Central America, Reuters reported. Lawmakers approved the overhaul despite cries from anti-mining indigenous groups who broke into the Congress building during the session. Canadian company Inmet is seeking financing for the project from two other companies, one a subsidiary of the Singapore state investor Temasek as well as the state-run Korea Resources Corporation.

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