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    Oct 31, 2023

    Panama congress committee votes in favour of mine referendum

    Michael McDonald, Bloomberg News

    Teck Resources and First Quantum are the names to own for the next 3-5 years: Portfolio manager

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    Panama’s proposal to hold a referendum on the controversial contract with Canadian miner First Quantum Minerals Ltd. was approved by a legislative committee Tuesday, clearing the first hurdle as the bill is fast tracked in congress.

    The bill will be sent to the plenary for general debate, where it will require a majority vote in two separate sessions for definitive approval in the 71-member legislature. 

    Congress convened special sessions for Wednesday and Thursday ahead of a public holiday in Panama on Friday.