NewsFlash / Copper / Positive Signs Emerge for Restart of Panama Copper Mine
Positive Signs Emerge for Restart of Panama Copper Mine
iconJun 20, 2025 23:50
Source:SMM
According to SMM, there have been some encouraging signs regarding the restart of First Quantum's copper mine in Panama, despite warnings from the country's president that there is still a long way to go before a restart agreement can be reached. The company has begun preparing to ship 120,000 mt of semi-processed copper that has been stranded at the mine site since the mine's closure in late 2023. Following the mine's closure, the company has had to pay US$20 million per month for the mine's maintenance. Franco Nevada Corp, which has a metal supply agreement with the mine, agreed to halt arbitration proceedings against Panama, marking another small step forward, as abandoning such actions is a prerequisite for negotiations with the government.

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