Base metals miner First Quantum Minerals is planning a $327-million expansion at its new Cobre Panama mine, raising the throughput rate to 100-million tonnes a year by 2023, the Canada-headquartered company has revealed in an updated technical report for the Panama-based project.
The expansion of the project, which is in a ramp-up and commissioning phase, will increase the yearly throughput rate from 85-million tonnes to 100-million tonnes, starting in 2023.