MINING.COM

Panama asks First Quantum to suspend visitor program at disputed copper mine

The company is seeking $20 billion from the Panama government through international arbitration.

Reuters | March 7, 2024 | 3:46 pm

First Quantum’s Panama mine closure to cost around $800m, minister says

An inter-ministry coalition which is developing the mine's closure plan is working on alternative measures to recoup funds.

Reuters | March 6, 2024 | 12:16 pm

First Quantum expects to ship trapped Panama copper within weeks

Unleashing the stockpile of semi-processed metal could generate between $200 million and $300 million based on today’s copper prices.

Bloomberg News | March 5, 2024 | 10:45 am

Future of First Quantum mine is for the people of Panama to decide, US official says

Panama holds presidential elections in May, and the future of Cobre Panama mine has emerged as a flash point among opponents and supporters of the mine.

Reuters | March 5, 2024 | 9:45 am

First Quantum opens Panama mine for public visits in restart bid

The miner also expects to secure authorization to sell more than 120,000 metric tons of copper concentrate stored near a port.

Bloomberg News | March 5, 2024 | 7:48 am

Panama GDP growth expected to slow in 2024 on First Quantum mine closure, IMF says

The closure of the Cobre Panama mine entails the permanent loss of approximately 0.6% of GDP in fiscal revenues and 7.5% of exports of goods and services.

Reuters | March 4, 2024 | 6:40 am