First Quantum Minerals warns workers it may have to shutter Cobre Panama mine if the government continues to block copper exports. Read on
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The Vancouver-based company said the maritime authority had told it that the suspension was due to the scale it was using not being properly calibrated. “If concentrate is not shipped by next week, these technical frustrations may force Cobre Panama to enter care and maintenance or suspend operations,” he said.
The mine, First Quantum’s largest, produced 351,000 tonnes of copper last year and executives had forecast 2023 production of 350,000 to 380,000 tonnes.
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