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Thursday, May 5, 2011

Indigenous Panamanians rise up against Canadian mining interests http://www.dominionpaper.ca/articles/3968

Massive Indigenous mobilization in Panama recently brought down a contentious law that made it easier for multinational mining corporations to gain entry into the Central American country. Law 8, a revision of Panama's 1963 mining code, enabled foreign, state-owned companies to directly invest in large-scale mining projects. While seen as a tentative victory for the Indigenous Ngobe people, who strongly opposed the law, international corporations continue to scramble to win concessions to Panama’s mineral wealth. Canadian companies are at the forefront of international mining interests in the country.

The new laws granted foreign, state-owned companies the right to acquire concessions to vast tracts of land in Panama, a change many deemed a threat to national sovereignty. “It is a very good time in Panama for international mining corporations, as foreign governments will be permitted to buy national territory. This is impossible and prohibited in Panama’s constitution,” commented Julio Yao, a professor of international relations at the University of Panama.

[also see...Canada's Mining Crimes http://mostlywater.org/canadas_mining_crimes

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