Category: Copper

First Quantum Minerals Prepares Cobre Panama Copper Mine for Restart While Supporting Panama’s National Grid First Quantum Minerals (TSX: FM) reported progress at its suspended Cobre Panama copper mine in Panama during the third quarter, advancing the government-approved preservation and safe management program. Commenting on quarterly results, CEO Tristan Pascall said the company, which was preparing for a potential restart of operations, completed the shipment of all remaining copper concentrate, along with some supplies and equipment from the site. The Canadian miner also began pre-commissioning work at the mine’s power… Read More Here

MMG Raises Estimate of Copper Lost to Informal Mining at Peru’s Las Bambas to 90,000 Tons Chinese-owned MMG Ltd. has increased its estimate of copper extracted by informal miners within its Las Bambas concession in Peru, revealing escalating challenges at one of the world’s largest copper operations. According to the company’s latest disclosures and responses to Bloomberg, an estimated 90,000 metric tons of copper have been removed over the past 15 years from land designated for MMG’s next open pit, known as Sulfobamba. This marks a rise from a previous… Read More Here