INSUBCONTINENT EXCLUSIVE:
ruled out a new mining contract law.This decision, reported on April 24, 2025, follows months of political and economic turmoil sparked by
of copper in 2023.The mine generated $2 billion in copper exports and provided direct and indirect employment to over 40,000 people
Demonstrators, including indigenous groups and environmental activists, argued that the mine threatened protected forests and water
supplies.The protests, lasting more than a month, paralyzed the country and led to four deaths, dozens of injuries, and hundreds of arrests
Rejects New Mining Contract
(Photo Internet reproduction)First Quantum Minerals, facing the loss of its $10 billion investment, initiated arbitration seeking $20
Despite this gesture, Mulino stated that his administration will not pursue a new contract law, as the current National Assembly opposes
had significant consequences
revenue and jobs has slowed GDP growth to 2.9% in 2024, down from 7.4% the previous year
reopening the mine would require congressional approval, a new agreement with First Quantum, and clearance from the Supreme Court
All figures and claims in this article are based on verified facts and public records.
