Finance > Capital-markets

First Quantum upsizes Cobre Panama

An improving copper market has prompted First Quantum Minerals (CN:FM) to approve an initial 15% expansion of the massive Cobre Panama project with its total development capital now estimated at US$6.3 billion, an $800 million increase.

Staff reporter

Finance > Capital-markets

First Quantum upsizes Cobre Panama

An improving copper market has prompted First Quantum Minerals (CN:FM) to approve an initial 15% expansion of the massive Cobre Panama project with its total development capital now estimated at US$6.3 billion, an $800 million increase.

Staff reporter

First Quantum upsizes Cobre Panama

Board approves throughput increase as copper market improves

The board has approved the throughput capacity to increase 15% to 85 million tonnes per annum and a further increase to 100mtpa after 2022.