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Sales of Panama mega-mine to launch in June

Wednesday, March 20, 2019


The huge mine in Panama that is being operated by First Quantum Minerals of Canada is going to launch exports of copper concentrate in June, despite a potential threat by the Supreme Court that could check the project.

First Quantum's manager in Panama, Todd Clewett, explained that the company asked for clarification on the future and expected a prompt response. But there has been no reply.

Said Clewett: "Unless there's clarification, we are not affected."

Construction of the mine cost $6.3 billion, Panama's biggest ever foreign investment. Exports are slated to be about $2 billion a year, reports Efe in Spanish.