Panama has approved First Quantum Minerals’ (TSX: FM) maintenance plan for the shuttered Cobre Panama copper mine, clarifying that this does not signal a restart of operations.
Trade and Industry Minister Julio Moltó said the endorsed plan is aimed at preventing environmental damage and preserving equipment that has sat idle for nearly 20 months. He stressed that the site remains closed and that the initiative is strictly for environmental protection and site care.
“The mine is not being reopened. We’re authorizing the implementation of the care and safe management plan to ensure it is environmentally protected,” Moltó said, according to Prensa Latina.
The plan, which includes updated environmental and legal protocols, was deemed necessary following the abrupt government-ordered shutdown in late 2023 under the previous administration. Ten government agencies, including the Ministry of the…
