Cobre Panama is one of the world’s largest mines, producing an estimated 600,000 tons of copper per year. Located in the Donoso District in the Colón Province of Panama, the open-pit mine is owned and operated by First Quantum Minerals. It is estimated that the mine has a total resource base of over 2 billion tons of copper ore and is expected to have an operating life of approximately 30 years.
Since its inception in 2018, Cobre Panama has made significant progress in its operations. The mine produces high-quality copper concentrate, which is transported to the port of Cristobal in Colón for export to customers around the world. In addition, the mine has made investments in the local communities, providing employment and training opportunities as well as social and infrastructure programs.
The mine has also implemented several environmental initiatives including a comprehensive water management program, a waste management plan, and a wildlife conservation program. These initiatives have enabled the mine to successfully meet the requirements of the Panamanian Environmental Authority.
Cobre Panama has been an important contributor to Panama’s economy. In 2020, the mine provided an estimated 10% of the country’s total exports and accounted for 1.3% of its GDP. The mine also provides employment for approximately 11,000 people, with many of these jobs being held by local residents.
Overall, Cobre Panama is a great example of how mining can be done in a responsible and sustainable manner. The mine has been able to provide economic benefits to Panama while also taking steps to ensure the protection of the environment and local communities. First Quantum Minerals has been able to successfully operate the mine and create a positive impact on the local and national economy.
