Berliner Boersenzeitung - Panama tribunal, president at odds over mine deal referendum

EUR -
AED 4.316068
AFN 75.78368
ALL 95.590345
AMD 433.921011
ANG 2.103199
AOA 1078.693153
ARS 1639.785212
AUD 1.624081
AWG 2.115085
AZN 1.998447
BAM 1.953692
BBD 2.367425
BDT 144.224377
BGN 1.960098
BHD 0.443342
BIF 3496.940129
BMD 1.175047
BND 1.48805
BOB 8.122098
BRL 5.804148
BSD 1.175422
BTN 110.788156
BWP 15.737751
BYN 3.321717
BYR 23030.922895
BZD 2.364009
CAD 1.602171
CDF 2720.234209
CHF 0.915114
CLF 0.026583
CLP 1046.250228
CNY 7.992494
CNH 7.994215
COP 4395.921653
CRC 539.208999
CUC 1.175047
CUP 31.138748
CVE 110.718804
CZK 24.309497
DJF 208.829292
DKK 7.472536
DOP 69.974145
DZD 155.20245
EGP 61.946583
ERN 17.625706
ETB 184.837228
FJD 2.569065
FKP 0.864214
GBP 0.865099
GEL 3.14908
GGP 0.864214
GHS 13.242649
GIP 0.864214
GMD 85.778323
GNF 10313.979512
GTQ 8.975086
GYD 245.920458
HKD 9.203498
HNL 31.268177
HRK 7.538985
HTG 153.949298
HUF 356.459886
IDR 20367.502417
ILS 3.409229
IMP 0.864214
INR 110.911284
IQD 1539.311683
IRR 1542719.319578
ISK 143.802053
JEP 0.864214
JMD 185.140228
JOD 0.833171
JPY 184.059961
KES 151.757262
KGS 102.723202
KHR 4714.873056
KMF 492.344575
KPW 1057.555194
KRW 1710.72734
KWD 0.361773
KYD 0.979526
KZT 544.33643
LAK 25792.283247
LBP 105225.46686
LKR 378.490323
LRD 215.562468
LSL 19.235691
LTL 3.469608
LVL 0.710774
LYD 7.437674
MAD 10.742863
MDL 20.222835
MGA 4894.071095
MKD 61.679754
MMK 2467.412574
MNT 4207.19177
MOP 9.480809
MRU 46.925498
MUR 54.88696
MVR 18.1603
MWK 2046.931705
MXN 20.277164
MYR 4.59457
MZN 75.083217
NAD 19.235747
NGN 1598.816408
NIO 43.130063
NOK 10.920412
NPR 177.26371
NZD 1.972799
OMR 0.451806
PAB 1.175412
PEN 4.062727
PGK 5.099342
PHP 71.029227
PKR 327.365667
PLN 4.227866
PYG 7194.237187
QAR 4.280702
RON 5.263274
RSD 117.383642
RUB 87.720656
RWF 1716.15627
SAR 4.436151
SBD 9.438281
SCR 16.52231
SDG 705.619296
SEK 10.86037
SGD 1.48966
SHP 0.877291
SLE 28.907303
SLL 24640.145375
SOS 671.539675
SRD 43.983217
STD 24321.10228
STN 24.999127
SVC 10.284902
SYP 129.899463
SZL 19.235297
THB 37.88334
TJS 10.984361
TMT 4.124415
TND 3.371797
TOP 2.829232
TRY 53.167497
TTD 7.951285
TWD 36.887663
TZS 3052.181577
UAH 51.470562
UGX 4396.218926
USD 1.175047
UYU 46.999286
UZS 14247.445607
VES 583.06901
VND 30915.488845
VUV 138.765659
WST 3.186155
XAF 655.238824
XAG 0.014727
XAU 0.000249
XCD 3.175623
XCG 2.118351
XDR 0.815968
XOF 653.912644
XPF 119.331742
YER 280.367229
ZAR 19.270304
ZMK 10576.837589
ZMW 22.391458
ZWL 378.364682
  • RBGPF

    0.0000

    63.18

    0%

  • CMSD

    0.0000

    23.42

    0%

  • BCC

    -0.9300

    73.31

    -1.27%

  • RIO

    -1.9600

    103.55

    -1.89%

  • CMSC

    -0.0400

    22.97

    -0.17%

  • BCE

    0.4150

    24.645

    +1.68%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • NGG

    -1.8200

    86.03

    -2.12%

  • RELX

    -1.5500

    34.2

    -4.53%

  • JRI

    -0.0100

    13.16

    -0.08%

  • GSK

    -0.0850

    50.445

    -0.17%

  • BTI

    -1.4000

    58.16

    -2.41%

  • VOD

    -0.4150

    15.715

    -2.64%

  • BP

    -0.7850

    43.845

    -1.79%

  • AZN

    -2.4600

    182.46

    -1.35%

Panama tribunal, president at odds over mine deal referendum

Panama tribunal, president at odds over mine deal referendum

Panama's electoral tribunal on Monday dismissed the idea of organizing a referendum in December on a mining contract that has ignited countrywide protests, even as the president insisted on a vote.

Text size:

President Laurentino Cortizo on Sunday suggested holding a referendum on December 17 in a bid to defuse 10-day-old demonstrations that have blocked roads and starved shops of supplies.

But "At this time, the conditions are not in place to organize a... vote," the court's president Alfredo Junca told reporters Monday, in reference to the very unrest the referendum was meant to quell.

But Cortizo stuck to his guns, sending a bill to Congress Monday seeking to compel the tribunal to organize a vote.

"Through this bill we have the opportunity to deploy actions that lead us to generate social peace," Interior Minister Roger Tejada said as he presented the initiative to lawmakers.

Protests broke out on October 20 after Congress approved a law that allows First Quantum Minerals, a Vancouver-based company, to operate an open pit copper mine for 20 years, with an option to extend for another two decades.

The president promulgated the law the same day.

Teachers, doctors and union workers all swelled into the small country's streets to oppose the contract, setting up blockades in the capital and other cities.

Some blocked the Pan-American highway that connects Panama with the rest of Central America.

Protesters are concerned over the potential environmental impacts of Central America's largest open pit copper mine, as well as other terms of the deal.

In response to the unrest, Cortizo on Friday announced a ban on new metal mining concessions.

He also said his government would request a law that prohibits "metallic mining at the national level," but did not cancel the First Quantum Minerals deal.

Junca said Monday the matter was also before the Supreme Court, making a referendum moot.

(O.Joost--BBZ)