The project is on track to deliver between 140,000 and 175,000 tonnes in 2019.
Panama Mining News
The Canadian miner plans to expand Cobre Panama, located about 120 km west of Panama City, and 20 km from the Atlantic coast, from 85 million tonnes per year to 100Mtpy beginning in 2023.
Poised to supply a global market that’s tipping into deficit gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.
The company's Cobre Panama is a large open-pit copper project 120 km (74.6 miles) west of Panama City and 20 km from the Caribbean Sea coast.
The country' Supreme Court ruled Monday that Law 9, used to grant the mining concession for Cobre Panama copper project, was unconstitutional.
Copper production will peak in the second half of 2019, making a growing supply deficit much more real.
“The dominant union, which represents the majority of workers, is not involved in the action,” an official statement reads.
Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.
PDE and CIBJO agree to develop programs to promote Corporate Social Responsibility in Latin American jewelry sector
The Panama Diamond Exchange and CIBJO, the World Jewellery Confederation, have agreed to join forces in providing educational programs for the gemstone and jewelry sectors in Latin America, instilling the principles of Corporate Social Responsibility.
The Panama Gem & Jewelry Center is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America.
The Panama Canal expansion began in 2007, and will be finally completed next year.
Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.
One-day seminar, which will be conducted in English, to take place July 22.
The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.
The temporary measure is due to a labour dispute with some of its construction workers, said the firm.
First Quantum subsidiary Minera Panama’s $6.4 billion Cobre Panama copper-gold-silver mine is located next to Petaquilla’s Molejon gold mine, which has triggered lengthy disputes in the past.
It will operate in English, Spanish and Portuguese.
The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.
Vancouver miner ups output at Central American project 20% to 320,000 tonnes copper a year as it overhauls construction plans for $6.4 billion mine acquired last year.
The country has identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum.
The Vancouver-based firm will announce a revised investment figure and timeline for its $6.2 billion copper-gold porphyry Cobre Panama mine before the end of 2013.
The five main investment-grade markets — Brazil, Mexico, Chile, Peru and Colombia— have been expanding below projections or showing signs of weakness.
Study reveals some Latin American countries are racing to attract foreign investors eager to cash in on natural resources.
INTERACTIVE MAP: Explore active mines by company, country, and the year that the mine was acquired.
The new merged company projects a 1.3 million tonnes of copper output per year by 2018.