Places in News – Panama

November 4, 2023

Context:

Panama’s National Assembly passed a law banning new mining concessions following protests against a contract with a Canadian miner to operate a key copper mine in the country.

About Panama

Panama is a transcontinental country of Central America located on the Isthmus of Panama in the North-Western hemisphere of the Earth and shares its borders with Costa Rica and Colombia.
Isthmus: An isthmus is a narrow strip of land that connects two larger land masses and separates two bodies of water. The Isthmus of Panama connects North and South America and separates the Atlantic and Pacific Oceans.
Panama Canal: One of the most strategic transportation hubs of the world, around 82-km long canal connects the Atlantic (Caribbean Sea) and Pacific Oceans.

Panama

Resources: Clay, limestone, and salt are the leading mineral products, and gold, ferrous sand, and manganese have been mined on a small scale.
- There are commercially significant but largely unexploited deposits of copper, bauxite, phosphates, and coal.
- Petroleum reserves have been found off the Pacific and Caribbean shores.

News Source: Mint

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