No 1 source of global mining news and opinion
Throughput at the Cobre Panama mill has been boosted with the addition of a sixth ball mill. Credit: First Quantum Minerals
The new contract guarantees a minimum annual income of $375 million to the government and will be effective for 20 years. An option to renew is included.The Cobre Panama mine began commercial production in 2019. At full capacity it can process 85 million tonnes of ore annually and produce more than 300,000 tonnes of copper each year. Gold, silver, and molybdenum are also recovered.
First Quantum recently finished commissioning the CP100 expansion, which will take mill throughput to 100 million tonnes annually by the end of this year. Annual output will also rise to over 400,000 tonnes of copper.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Quantum exercises its option over two Zambia copper licensesCopper miner First Quantum Minerals (FQM) has delivered a formal notice to exercise its option over two out of the four licences covered by the option agreement with London-listed exploration and resource development company African Pioneer's (AFP's) 80%-owned subsidiary African Pioneer Zambia.
Read more »
Jets Are Betting Favorite for First Time in First Seven GamesOdds suggest three-point win for Gang Green in battle with Big Blue
Read more »
The consequences of removing the world largest dam, and building a quantum computer using sound wavesOn this week’s show: Restoring land after dam removal, and phonons as a basis for quantum computing
Read more »
Mitigating The Quantum Threat TodayDavid Williams, Arqit Founder, Chairman and CEO. Read David Williams' full executive profile here.
Read more »
Scientists amplify superconducting sensor array signals near the quantum limitUnderstanding how energy moves in materials is fundamental to the study of quantum phenomena, catalytic reactions, and complex proteins. Measuring how energy moves involves shining special X-ray light onto a sample to start a reaction.
Read more »
Bio-Computing vs Quantum Computing: Computing for a New Technological EraDiscover the differences between bio computing and quantum computing. Explore the potential applications, challenges, and advantages.
Read more »