(Bloomberg) -- Panama’s construction workers’ union blocked highways and marched on congress on Monday to demand that lawmakers reject a contract with Canadian miner First Quantum Minerals Ltd.
Union leader Saul Mendez said the contract violates national sovereignty by granting the company control of land, air and maritime space and doesn’t do enough to protect workers’ rights.
The contract is under discussion in Panama’s legislative commerce committee, which has been holding informative meetings with affected communities over the past two weeks. The contract will require three votes in the legislative assembly before becoming law.
President Laurentino Cortizo said over the weekend he would await recommendations from the commerce committee before he decides whether or not to withdraw the bill from congress.
©2023 Bloomberg L.P.
BNN Bloomberg Picks
Declining prices shift Canadian views of homes as investments
How will the Canada 'mortgage charter' impact homeowners, bank earnings?
Here are the key takeaways from Canada's budget update
'A long time coming': Ottawa looks at requiring corporate climate disclosures
Rona Ambrose: Fiscal update 'very concerning' for Canadians
Business leaders 'disappointed' with fiscal update details