Overview

• Trade and Industry Minister Julio Molto emphasized that the mine will remain closed and the plan covers only care and safe management operations.
• The maintenance plan incorporates rigorous environmental safety measures following the abrupt shutdown ordered in late 2023.
• Panama will export over 120,000 tons of already mined copper concentrate to fund upkeep and ecological protection at the site.
• Joint teams from the Trade and Environment ministries will monitor extraction and processing to ensure compliance with safety standards.
• The mine’s closure, driven by a Supreme Court ruling that the 20-year concession was unconstitutional, has weighed heavily on national exports and First Quantum’s financial outlook.