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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.

First Quantum upsizes Cobre Panama First Quantum upsizes Cobre Panama First Quantum upsizes Cobre Panama First Quantum upsizes Cobre Panama 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.

CEO and chairman Philip Pascall said the outlo...