Franco-Nevada Corporation announced its agreement to suspend the arbitration proceeding related to the Cobre Panama mine. This decision follows engagement with the Government of Panama's legal counsel.
Franco-Nevada had initially filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024. The suspension aims to facilitate further discussions with the Panamanian government.
The company reiterated its hope for a resolution with the State of Panama that provides the best outcome for all parties involved. This move suggests a potential pathway towards resolving the operational status of the Cobre Panama mine, which has been on preservation and safe management.
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