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·Canadian miner First Quantum Minerals said on Monday it intends to sell the 120 000 tons of copper concentrate stored near the Punta Rincon port
·The Cobre Panama mine accounts for about 5% of the nation s gross domestic product and the International Monetary Fund expects its closure to help drag economic growth down to % this year
·Panama Mining Industry News Monitoring Service from EIN News; Media Monitoring & Online News Monitoring of Panama Mining Industry Mining Industry Today Questions 1 202 335 3939 Set Up FREE Account Submit Release About News by Country News by Industry
·The mine complex located about 120 km west of Panama City and 20 km from the Atlantic coast contributes % of the Central American country s gross domestic product according to government
·The claim is part of First Quantum s two ongoing arbitration cases against Panama over shutting the $10 billion mine said the people who asked not to be named discussing confidential matters
·Cobre Panama mine began producing and shipping copper concentrates in June 2019 Image courtesy of Cobre Panama
·Panama s Trade Minister Federico Alfaro announced his resignation days after the country s top court ruled a contract between the government and Canadian miner First Quantum was unconstitutional
·Panama s new government led by President Jose Raul Mulino has said the mine is not on his government s agenda this year and he will take a decision on its future in early 2025
3 ·No 1 source of global mining news and opinion Copper $ / lb % Nickel $ / lb The recent executive decree mandates the inclusion of all mining rights licenses and exploration
·More than 250 instances of illegal mining have been identified in the rainforest surrounding Cobre Panama this year according to Zorel Morales head of the nation s mining chamber That s a
·Cobre Panama one of the world s biggest and newest copper mines has become a political flashpoint for the nation A new contract awarding a 20 year extension to First Quantum s mining
·Canadian miner First Quantum Minerals said on Monday it intends to sell the 120 000 t of copper concentrate stored near the Punta Rincon port First Quantum s Panama unit said in a statement that
·Cobre Panama accounted for roughly 40% of First Quantum s revenues and % of the world s copper supply in 2022 In the third quarter of 2023 the mine produced 112 734 metric tons of copper
·A dispute between First Quantum Minerals and Panama over the Canadian company s flagship copper mine in the Central American nation is an issue for the people of Panama to decide a top US
5 ·Panama s legislature first agreed a contract extension with Canadian mining company First Quantum and it s local subsidiary Minera Panama in March The resulting protests — the largest since a cost of living crisis last July — have sparked a series of backtracks from President Laurentino Cortizo
·Panama s top court ruled Tuesday against a contract between the government and Canadian miner First Quantum Minerals placing in jeopardy one of the world s largest copper mines
·The definitive guide to mining operations and excellence Established in 1909 by Herbert Hoover Mining Magazine provides comprehensive technical insight into mining operations It aims to inform and support mine management in decision making regarding mining techniques technologies workforce logistics and supply chains
·The mine is also a major economic driver for Panama It accounts for about 5 per cent of the country s GDP Shares in First Quantum fell by per cent in trading on the Toronto Stock Exchange
·Canadian mining company First Quantum Minerals has introduced a voluntary retirement scheme for employees at its Cobre Panama mine in Colon Province Panama reported Reuters citing two sources This news comes as the company awaits a decision from the Panamanian government on whether operations at the mine can resume
·The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on Jan 16 according to a
·The mine which accounts for approximately 5% of the country s GDP and supports more than 49 000 direct and indirect jobs is Panama s second largest revenue source after the Panama Canal
·A contentious mining contract has plunged Panama into protest triggering its most significant episode of social upheaval in decades Since Oct 16 the public has taken to the streets in historic
