Panama Sets New Path for Shelved Copper Mine

Panama has greenlit a maintenance plan for First Quantum Minerals' inactive copper mine, assuring environmental safety measures, according to Trade and Industry Minister Julio Molto.

While reopening isn't sanctioned, the care plan promises eco-protection after the site's abrupt 2023 shutdown by governmental order. First Quantum carries out the plan, with oversight by the Environment Ministry.

Estimates suggest extraction could resume in three to six months following safety protocols, aiming for eventual copper export. Arbitration suspension in March marked renewed negotiations for the site, crucial for both Panama's economy and global copper supply.

(With inputs from agencies.)