Panama to Shut Down Giant Copper Mine After Court Ruling (3)

Panama’s government said it will shut a $10 billion copper mine owned by First Quantum Minerals Ltd., damping hopes that the company might reach a new deal to keep operating after a supreme court ruling against it.

Authorities will start “the transition process for the orderly and safe closure of the mine,” President Laurentino Cortizo said in a post on X Tuesday. He didn’t say how long the process might take. Production had already been halted after protesters blocked supplies from reaching the mine.

The announcement caps a dramatic six weeks in Panama, after widespread protests erupted over a ...