Name of the Project
Cobre Panama mine expansion.
Location
The project is located in the district of Donoso, Colon province, in Panama.
Project Owner/s
First Quantum Minerals.
Project Description
The project aims to increase production at the openpit copper mine from 85-million tonnes a year to 100-million tonnes a year.
This will involve the earlier development of the adjacent Colina pit, the addition of a ninth mill, an expanded mining equipment fleet, additional conveyors, an in-pit crusher and other infrastructure related to Colina access.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The expansion is expected to cost about $327-million.
Planned Start/End Date
Production is expected from 2023.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
First Quantum Minerals, tel +1 416 361 6400 or email info@fqml.com.