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BanRep Governor Speaks, Panama Government Announce Mine Closure

LATAM
  • COLOMBIA: Central Bank Governor Leonardo Villar speaks about monetary policy at a Corficolombiana event on the country’s 2024 economic outlook.
  • PERU: A workers union at Peru's large Las Bambas copper mine, owned by China's MMG, began a two-day strike on Tuesday to demand greater profit sharing and better transport conditions. Recent headlines have noted the strike, originally organised for an indefinite period, will end on Thursday morning, confirming comments made by union secretary general Ramos on Tuesday afternoon.
  • ARGENTINA: President-elect Javier Milei confirmed well touted reports that Luis Caputo will be his economy minister while speaking in a radio interview. Milei returns to Argentina today after his trip to the U.S., where he held key meetings with Biden administration officials. Caputo and Milei’s campaign manager, Nicolas Posse, remain in Washington DC today to continue talks with IMF staff.
  • PANAMA: The government said it will shut a $10 billion copper mine owned by First Quantum Minerals Ltd., dampening hopes that the company might reach a new deal to keep operating after a supreme court ruling against it. Unions representing thousands of workers are planning to stage protests Wednesday after the government announcement.

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