According to MINING.COM, citing Reuters, Panama's Ministry of Trade and Industry stated on Monday that over 33,000 metric tons of copper concentrates had been shipped out from First Quantum's closed Cobre Panama mine. The ministry said that the extraction process of copper concentrates was "gradual," but did not specify how much more concentrate would be shipped out. First Quantum declined to comment on the matter.
At the end of 2023, when the Panamanian government ordered the closure of the mine due to public protests over environmental concerns, approximately 120,000 metric tons of copper concentrates were left behind at the mine site.
In March this year, First Quantum said it had agreed to terminate arbitration proceedings related to the mine, paving the way for renewed negotiations with the government of Panamanian President Jose Raul Mulino.
