FQM Addresses Environmental Risks at Cobre Panamá Mine
First Quantum Minerals’ subsidiary, Minera Panamá, has issued a warning regarding the potential hazards of long-term copper concentrate storage at the Cobre Panamá mine.
The company reports an increase in chemical reactions leading to the generation of dangerous gases and rising temperatures in the stored material.
These factors pose environmental risks and threaten the health and safety of workers engaged in care and maintenance activities at the site.
Since the forced closure of Cobre Panamá last December, ordered by the Laurentino Cortizo administration, First Quantum has been unable to export the stockpiled copper concentrate. Typically, the concentrate is swiftly sold abroad to ensure stability and safety.
Minera Panamá emphasizes the urgency of transferring the material to mitigate these risks. The company pledges to export the copper concentrate as soon as government authorization is obtained.
In response to environmental concerns, Cobre Panamá commits to allocating proceeds from concentrate sales to cover Preservation and Safe Management Plan costs, estimated at $15-20 million monthly.
Minera Panamá has submitted an updated Preservation and Safe Management Plan, along with a detailed report on the stored copper concentrate, to the Ministry of Commerce and Industries (MICI) as requested.
The company underscores transparency and cooperation in addressing the situation responsibly, aiming to benefit all stakeholders involved. Minera Panamá remains committed to providing clear and transparent information to the public.
SOURCE:mining.com
