Panama

Panama

Adopts a moratorium on new mining concessions

03 Nov 2023

On 3 November 2023, the President of Panama promulgated a new law (Ley 407) which prohibits the granting of new concessions for the exploitation, extraction, transport, and benefit of metallic mining throughout the national territory. The new law imposes an indefinite moratorium, meaning that the Ministry of Commerce and Industries of Panama cannot grant new concessions.