First Quantum puts Cobre Panama on care and maintenance

摘要

First Quantum Minerals has put its Cobre Panama operation into care and maintenance following orders from the government to suspend activities to prevent the spread of the Covid-19 pandemic. Mining and processing operations will be halted, but the company said it is expected that the port and power plant will continue operations to supply electrical power into the Panama national grid as well as to sustain the care and maintenance activities. Cobre Panama, the only major greenfield project in the copper industry, had previously been authorized by the government of Panama to continue operating, although with a reduced labor force operating on 12-hour shifts.