Wednesday, February 21, 2024

Logo Central America Link

Cobre Panamá to export $2 billion a year in copper concentrate

Tuesday, February 19, 2019

Canadian miner First Quantum Minerals, whose $6.3 billion in Cobre Panamá is the country's biggest ever foreign investment, announced that it will export a total of $2 billion of concentrates next year.

The first deliveries of 150 tons of concentrates are expected in the second half of this year.

Once production of the mine has been established, the ratings agencies expect Panama to register 6.5 percent of economic growth a year, with the mine itself contributing 3 percentage points alone.