Investing in large mining projects ?Look what can happen,, Firts Quantun invested $7 B US in Panama,, now look what happened ! This is high risk investments even for larger companies like Rio !
Lets hope Casino is looked a favourably ! First Quantum Provides Operational Update at Cobre Panama
T.FM | 5 hours ago
(In United States dollars, except where noted otherwise)
TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panama S.A. (“MPSA”), has begun to reduce ore processing operations at the Cobre Panama mine.
Cobre Panama has reduced its processing operations by ramping down one ore processing train while two remain operational. This disruption to operations is due to an illegal blockade of small boats at the mine’s Punta Rincn port. The illegal actions at the port have affected the delivery of supplies for the mine’s on-site power generation plant, which is necessary for full operations and for safe environmental stewardship, including operation and maintenance of the tailings management facility. In addition, the illegal actions have hindered the loading of copper concentrate onto vessels