First Quantum sees slower ramp-up at Panama mine after workers contract coronavirus
Miner maintained its production guidance for the year but said it would temporarily cut pay for certain senior staff by 20%.
Miner maintained its production guidance for the year but said it would temporarily cut pay for certain senior staff by 20%.
Local governments are also asked to cap the number of existing tailings dams within their region.
Temporarily placing operations into care and maintenance over Covid- 19 concerns could see some production deferred into 2021.
Projects in the advanced exploration phase will continue to operate.
Producers have halted or cut back operations and slowed construction.
The company has entered into refinancing arrangements to assist with the ramp-up.
The company said it has increased safety-hygiene measures but closures have not been decided.
The First Cobalt refinery in Ontario is the only permitted cobalt refinery in North America.
The world’s top metal producers are limiting their operations, dimming the supply outlook.
Copper price plunge accelerates – down nearly 9% Wednesday – as producers announce production and construction halts.