{"id":1194316,"date":"2020-07-07T11:40:47","date_gmt":"2020-07-07T16:40:47","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028966"},"modified":"2020-07-07T11:40:47","modified_gmt":"2020-07-07T16:40:47","slug":"first-quantum-restarts-cobre-panama-following-three-month-halt","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1194316","title":{"rendered":"First Quantum restarts Cobre Panama following three-month halt"},"content":{"rendered":"<p>First Quantum Minerals (TSX: FM) is resuming full production at its Cobre Panama copper operations following a three-month work interruption due to covid-19, the <a href=\"https:\/\/www.first-quantum.com\/English\/announcements\/announcements-details\/2020\/First-Quantum-Announces-Resumption-of-Normal-Operations-at-Cobre-Panama\/default.aspx\"  rel=\"noreferrer noopener\">company announced<\/a> on Tuesday.<\/p>\n<p>First Quantum has received notice from the Ministry of Health of the Republic of Panama (MINSA) lifting the temporary suspension of mining activities at the Cobre Panama site, which has been in <a href=\"https:\/\/www.mining.com\/first-quantum-ordered-to-halt-cobre-panama-operation\/\"  rel=\"noreferrer noopener\">preservation and safe maintenance mode<\/a> since early April.<\/p>\n<p>Last month, the company <a href=\"https:\/\/www.mining.com\/panama-miners-push-for-restart-of-first-quantums-copper-operation\/\"  rel=\"noreferrer noopener\">urged the<\/a> <a href=\"https:\/\/www.mining.com\/panama-miners-push-for-restart-of-first-quantums-copper-operation\/\"  rel=\"noreferrer noopener\">government<\/a> to allow for a gradual resumption of operations at the Cobre Panama mine, one of the few large copper projects <a href=\"https:\/\/www.mining.com\/first-quantum-ships-first-copper-concentrate-from-cobre-panama-mine\/\"  rel=\"noreferrer noopener\">to have come online<\/a> over the past two years. First Quantum noted that the mine suspension could cost the company between $4 million and $6 million per week.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>No cases of covid-19 have been detected on the Cobre Panama site since April 30<\/p>\n<\/blockquote>\n<\/figure>\n<p>The company will implement a reopening plan that provides for a phased increase of on-site personnel while production is ramped up to an 85 million tonnes per annum annualized throughput rate. There are currently approximately 800 personnel on site, which will be gradually increased in compliance with Cobre Panama\u2019s reopening plan and in line with MINSA guidelines. <\/p>\n<p>First Quantum said the operation is expected to ramp up to full production by mid-August, depending on successful implementation of the reopening plan. No cases of covid-19 have been detected on the Cobre Panama site <a href=\"https:\/\/www.mining.com\/first-quantum-to-evacuate-800-people-from-cobre-panama-mine\/\"  rel=\"noreferrer noopener\">since April 30<\/a>.<\/p>\n<p>The company added that it will provide an updated 2020 production guidance for Cobre Panama with the second quarter results later this month.<\/p>\n<p>Shares of First Quantum Minerals rose 1.6% on the TSX by midday Tuesday. The Vancouver-based miner has a market capitalization of over C$7.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company expects to ramp up to full production by mid-August.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194316"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1194316"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194316\/revisions"}],"predecessor-version":[{"id":1194356,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194316\/revisions\/1194356"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1194316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1194316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1194316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}