Copper: Mine Prepares for Export

Canada's First Quantum, owner of the copper mine in the province of Colon, Panama, plans to begin exports by the middle of this year.

Thursday, February 21, 2019

The Panamanian mine, whose construction began in 2013 and demanded a $6.3 billion investment, expects to export 320,000 tons of copper concentrated per year.

See "Optimism in the Mining Sector" reviews that "... Zenon Wozniak, project director of First Quantum, highlighted that this will be one of the largest mining projects in the world. The challenge of this project and its construction has been massive. Many thought it was impossible."

The article adds that "... What Panama will export is copper concentrate, which is a gravel with the consistency of a talc and contains about 28% copper, and that product, those who consume it, are the smelters who produce the cables and different forms that are given to the mineral use.

Also see "Copper Wire: Purchases Up to June 2018"

According to the company, of the 13,000 hectares covered by the project concession, only 5,000 will be intervened, and it is estimated that the plant will generate 2 billion dollars in exports per year, equivalent to 2.1% of the country's GDP.

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