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Panama's mining giant soon to emerge

Tuesday, January 15, 2019


Cobre Panamá, owned by Canada's First Quantum Minerals, says it will launch production of copper February 18. The project represents an investment of $6.4 billion.

According to the government, the royalties paid by Cobre Panamá will add 2 percentage points to the growth of the economy.

According to the Comptroller-General's Office, Panama's mining sector contributes 1.6 percent of GDP but that figure is expected to grow to 10 percent ny 2023.