Central America
Central America’s biggest mine faces closure over tax spat
| By AFP | Francisco Jara |
Rising up through the lush vegetation of Panama’s Caribbean coast, a 125-meter chimney serves as a beacon for helicopters approaching the largest mine in Central America, which faces closure next week over a contract dispute.
Gigantic 400-tonne trucks slowly wind around the stepped slopes of a massive gash in the earth one kilometer wide, the ochre and grey of the copper mine standing in stark contrast to the verdant jungle surrounding it.
The activity could grind to an expensive halt in a matter of days.
Canadian mining giant First Quantum Minerals has until next Wednesday to sign a new contract with the government, which is demanding the company multiply the taxes it pays by 10.
If the parties do not agree, the disagreement could halt the work of a mining project considered the largest private investment in Panama’s history, contributing four percent of the country’s GDP and 75 percent of export revenues.
“We have been given a deadline to sign the new contract by December 14, to accept the new terms,” First Quantum’s manager in Panama, Keith Green, who is Scottish, told AFP.
“We intend to reach an agreement, but negotiations are a bit deadlocked,” he added.
First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in Donoso in 2019, through its subsidiary Minera Panama.
It has spent $10 billion on earthworks, construction buildings to house more than 7,000 employees, the purchase of heavy machinery, a power plant, a port for deep-draft merchant ships, access roads, and re-forestation plans.
‘Fair income’
President Laurentino Cortizo in January announced plans to toughen the conditions of the mining license, with a new contract that would oblige the mining company to pay “at least” $375 million to Panama annually — ten times what it is currently paying.
“Panama has the inalienable right to receive fair income from the extraction of its mineral resources, because the copper is Panamanian,” he said.
This mine is “the biggest in Central America,” producing 300,000 tons of copper concentrate per year, said Green.
The deposit, discovered in 1968, lies on the Caribbean coast, 240 kilometers by road from the capital Panama City.
The company, listed on the Toronto Stock Exchange, built the Punta Rincon International Port next to the mine to transport the copper by ship, due to a lack of roads connecting the Colon port, 40 kilometers (25 miles) away.
Despite the uncertainty over the mine’s future, activity has not slowed and the company has continued to invest in the site.
A new 200-tonne drilling rig — as tall as a three-story building — was inaugurated in a ceremony on Tuesday, causing heavy air traffic.
Helicopter pilot Oldemar Arauz explains that most officials visiting the mine prefer the one-hour air trip to the four-hour drive on a narrow road from the capital.
The drilling rig, made in the United States by the Swedish company Epiroc, cost $6 million, and was transported to the mine in 10 trucks.
“Latin America has 200 of these drills, 50 in Chile and now three in Panama,” said Epiroc’s Latin America manager Hans Traub.
The drill was assembled by Chilean engineer Alex Gonzalez, who previously worked in Chuquicamata, the world’s largest open pit copper mine, situated in the Atacama desert, which has been operating since 1915.
Central America does not have the same mining tradition seen further south. Mining is illegal in Costa Rica and El Salvador, and while there is much potential for growth in Panama, the industry’s future is now hanging in the balance.
Central America
Guatemalan police officer killed in mob riots over baby kidnapping
A police officer was killed during riots provoked by an enraged mob in a Guatemalan town following the kidnapping of a baby, the government reported on Wednesday.
The incidents began on Tuesday night and continued into the early hours of Wednesday in the town of San Vicente Pacaya, about 25 km south of the capital, according to Minister of the Interior Francisco Jiménez.
“There was an incident in San Vicente Pacaya where, unfortunately, a police officer died after being struck in the head with a stone. He passed away this morning,” Jiménez said in a press conference.
He explained that the unrest erupted following the arrest of two suspects in connection with the kidnapping of “a baby just a few months old,” including a woman with a criminal record.
Sports
Venezuela investigates 18 baseball players seeking asylum in Spain
The Venezuelan government announced on Wednesday that it is investigating the case of 18 baseball players who are “under the supervision of Spanish authorities” after seeking protection.
In a statement, Venezuelan authorities said they are working to determine whether this case involves “a possible human trafficking scheme,” though they have not provided any evidence of such a crime.
The Venezuelan government emphasized its commitment to protecting the country’s athletes while also denouncing the use of international legal frameworks by certain governments allegedly seeking to discredit the administration.
CNN reached out to Spain’s National Police for a response to Venezuela’s claims. According to Spanish authorities, the 18 young athletes—including two minors—arrived in Spain to participate in a series of matches but had already planned to apply for asylum. Authorities confirmed on Tuesday that they had begun interviewing the players to process their international protection requests.
The team’s coach addressed the situation in a TikTok video, refuting local media reports that he had abandoned the athletes. He asserted that the players chose to remain in Barcelona to secure the necessary permits to sign with other teams and that their decision was unrelated to any political motivations.
Sports
Filipe Luis debuts as coach in Copa Libertadores with Flamengo
A two-time Copa Libertadores champion with Flamengo during his playing days, Filipe Luis will make his managerial debut in the tournament this Thursday when the popular Rio de Janeiro club faces Venezuela’s Deportivo Táchira.
Placed in Group C alongside Táchira, Liga de Quito, and Argentina’s Central Córdoba, Flamengo starts as one of the favorites—a major challenge for the 39-year-old former player.
His early coaching career has been off to a strong start.
After retiring in 2023, Filipe Luis took over as Flamengo’s head coach on September 30. Just 41 days later, he won his first title, the Copa do Brasil. The year 2025 has already brought two more trophies: the Supercopa do Brasil, where Flamengo defeated Botafogo—current Libertadores and Brasileirão champions—3-1, and the Campeonato Carioca.
At 8:30 PM local time (00:30 GMT Friday), Flamengo under Filipe Luis will make its international debut at Estadio Pueblo Nuevo in San Cristóbal. Although Gerson, Uruguayan Giorgian de Arrascaeta, and Ecuadorian Gonzalo Plata are unavailable, the squad still boasts attacking firepower with Bruno Henrique and Everton.
Guatemalan police officer killed in mob riots over baby kidnapping
Venezuela investigates 18 baseball players seeking asylum in Spain
Paraguay summons Brazilian ambassador over Itaipú espionage scandal
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Ecuador prison riot leaves at least 43 dead
-
International5 days agoSon of journalist José Rubén Zamora condemns father’s return to prison as “illegal”
-
Central America2 days agoU.S. Homeland Security Secretary urges Mexico to strengthen Guatemala border
-
International5 days agoMiyazaki’s style goes viral with AI but at what cost?
-
Central America4 days agoPanama police clarifies that Interpol alert for Martinelli is still pending
-
International2 days agoTrump urges Putin to reach peace deal
-
Central America2 days agoPanama grants Martinelli 72-hour extension to travel to Nicaragua
-
International19 hours agoParaguay summons Brazilian ambassador over Itaipú espionage scandal
-
International4 days agoDeportation flight lands in Venezuela; government denies criminal gang links
-
Central America17 hours agoGuatemalan police officer killed in mob riots over baby kidnapping
-
Sports20 hours agoFilipe Luis debuts as coach in Copa Libertadores with Flamengo
-
International20 hours agoMilei vows to make Argentina so strong that Falkland Islanders “choose” to join
-
International20 hours agoElon Musk to step down as government advisor, per Trump insiders
-
Sports19 hours agoVenezuela investigates 18 baseball players seeking asylum in Spain
-
International20 hours agoICE agent’s arrest of suspect sparks controversy in Boston
-
International20 hours agoÓscar Arias: Trump’s trade policies are a step backward