El Cobre

First Quantum Provides Update on the Cobre Panama Mine Regarding Responsible Environmental Stewardship

Retrieved on: 
Friday, December 22, 2023
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TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) provides an update regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine.

Key Points: 
  • TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) provides an update regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine.
  • However, no legal basis for pursuing a “closure plan” has been provided to Minera Panama S.A. (“MPSA”), a subsidiary of First Quantum.
  • To date, MPSA has been unable to engage formally with the Government to clarify the legal situation and associated environmental obligations.
  • First Quantum has invested in excess of US$10 billion to build a world-class mine, port and power station in Panama.

First Quantum Provides Update on Cobre Panama

Retrieved on: 
Tuesday, November 28, 2023
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Law 406 approved the concession contract for the Cobre Panama mine on October 20, 2023.

Key Points: 
  • Law 406 approved the concession contract for the Cobre Panama mine on October 20, 2023.
  • The Company is reviewing the ruling and continues to reserve all its local and international legal rights in regards to developments in Panama.
  • The security and safety of the workforce at Cobre Panama remains a priority for the Company.
  • The forward-looking statements in this news release include statements as to legal developments in Panama and the safe maintenance and preservation of facilities at Cobre Panama.

First Quantum Provides Update on Cobre Panama Operations

Retrieved on: 
Monday, November 20, 2023
Biophysical environment, Workforce, Assembly, Contract management, GDP, Supreme court, Social impact assessment, Republic, News, Concession, Nature, TSX, National Assembly, Safety, Employment, MPSA, History, El Cobre, Environment

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panamá S.A. (“MPSA”), has further ramped down operations at Cobre Panama to one remaining ore processing train. Without shipments arriving at the mine’s Punta Rincón port, it expects to run out of supplies for the on-site power plant during the week commencing November 20, 2023.

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panamá S.A. (“MPSA”), has further ramped down operations at Cobre Panama to one remaining ore processing train.
  • The safety and well-being of the Cobre Panama workforce, of which approximately 90% are Panamanian and have been trained and developed by First Quantum, is the Company’s priority.
  • Further information about Cobre Panama:
    For the past 25 years, MPSA has developed and operated the Cobre Panama mine.
  • Cobre Panama has also developed substantial community outreach and environmental mitigation programs, both during the construction phase of the mine and since commercial operations commenced in September 2019.

First Quantum Provides Operational Update at Cobre Panama

Retrieved on: 
Monday, November 13, 2023
El Cobre, Safety, Workforce, Commerce, Nature, First Quantum Minerals, Health, MPSA, S&P, International law, Agriculture, TSX, News

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.

Key Points: 
  • 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.
  • Cobre Panama contributes approximately 5 percent of Panama’s GDP and makes up 75 percent of the country’s export of goods.
  • After ten years in Panama, First Quantum remains committed and open to constructive dialogue to address the concerns raised by the people of Panama and in the interest of establishing a long-term relationship.

First Quantum Declares Interim Dividend of CDN$0.08 Per Share

Retrieved on: 
Tuesday, July 25, 2023
Computershare, Enterprise, Zinc, Marketing, Policy, COVID-19, Silver, Carbon, Government, Water supply, National Assembly, Gold, Climate change, Iron, Nature, Nickel, Indian stock exchange, TSX, El Cobre, Copper, Cobalt, Holding company, Risk management

TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that its Board of Directors have approved an interim dividend of $0.08 Canadian dollar (“CDN”) per share in respect of the financial year ending December 31, 2023.

Key Points: 
  • TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that its Board of Directors have approved an interim dividend of $0.08 Canadian dollar (“CDN”) per share in respect of the financial year ending December 31, 2023.
  • The dividend will be paid on September 19, 2023 to shareholders of record on August 28, 2023.
  • See the Company’s Annual Information Form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information.
  • All forward-looking statements made and information contained herein are qualified by this cautionary statement.

First Quantum Declares a Final Dividend of CDN$0.13 per Share

Retrieved on: 
Tuesday, February 14, 2023
Indian stock exchange, Government, Cobalt, Climate change, TSX, Zinc, Copper, Enterprise, Gold, Nickel, Maintenance, Carbon, Nature, Water supply, Computershare, CDN, Policy, Marketing, Silver, COVID-19, MPSA, El Cobre, Iron, Holding company, Risk management

TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that its Board of Directors have approved a final dividend of $0.13 Canadian dollar (“CDN”) per share in respect of the financial year ending December 31, 2022.

Key Points: 
  • TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced that its Board of Directors have approved a final dividend of $0.13 Canadian dollar (“CDN”) per share in respect of the financial year ending December 31, 2022.
  • This, together with the interim dividend of CDN$0.16, makes a total of CDN$0.29 for the 2022 financial year.
  • The dividend will be paid on May 8, 2023 to shareholders of record on April 17, 2023.
  • See the Company’s Annual Information Form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information.

First Quantum Minerals Provides Update on Status of Cobre Panamá and the Punta Rincón Port

Retrieved on: 
Monday, February 6, 2023
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TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announces that on January 26, 2023, Minera Panamá, S.A. (“MPSA”) received Resolution No.

Key Points: 
  • TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announces that on January 26, 2023, Minera Panamá, S.A. (“MPSA”) received Resolution No.
  • MPSA submitted the required proof of the initiation of the certification process by an accredited company on February 3, 2023.
  • This Resolution deviates from the prior process of internationally accepted certifications that MPSA has previously provided to AMP, which have been accepted until now.
  • As a result, MPSA has suspended loading operations while it awaits a response from the AMP.

First Quantum Minerals Announces 2022 Preliminary Production and 2023-2025 Guidance

Retrieved on: 
Monday, January 16, 2023
Trident, Cobalt, Climate change, Public expenditure, Water quality, Water supply, Mining, COVID-19, Zinc, MPSA, Molybdenum, Social, Safety, Government, Copper, Capital expenditure, Iron, Maintenance, Enterprise, Marketing, Silver, Policy, Ravensthorpe, Acceleration, Relocation, TSF, Workforce, Expansion, Investment, Nickel, El Cobre, Social Security Government Pension Offset, Nature, Gold, Ministry, Oil, Risk management, Kansanshi mine, Sentinel

Total capital expenditure for the S3 Expansion project remains unchanged at $1.25 billion, with approximately $40 million spent to date.

Key Points: 
  • Total capital expenditure for the S3 Expansion project remains unchanged at $1.25 billion, with approximately $40 million spent to date.
  • The S3 Expansion includes the development and construction of the S3 process plant circuit and mining fleet acquisitions.
  • The three-year guidance includes ESG-related projects within the $2.6 billion project capital expenditures.
  • Three-year guidance for project capital expenditure does not include any development expenditure for the Las Cruces Underground Project, Taca Taca or Hacquira.

First Quantum Provides Notice of Conference Call on Status of Cobre Panamá

Retrieved on: 
Monday, January 9, 2023
Conference, El Cobre, Quantum, Conference call, First Quantum Minerals, TSX, Webcast, EST, Broadcasting

TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that it will host a conference call and webcast on Tuesday, January 10, 2023, at 8:30 a.m. (EST) to discuss developments in Panamá regarding the status of the Cobre Panamá mine operated by its subsidiary Minera Panamá, S.A.

Key Points: 
  • TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that it will host a conference call and webcast on Tuesday, January 10, 2023, at 8:30 a.m. (EST) to discuss developments in Panamá regarding the status of the Cobre Panamá mine operated by its subsidiary Minera Panamá, S.A.
    Conference call and webcast details:
    A replay of the webcast and transcript of the conference call will be available on the First Quantum website.
  • For further information, visit our website at www.first-quantum.com or contact:

First Quantum Minerals Responds to Latest Developments In Panamá

Retrieved on: 
Friday, December 16, 2022
First Quantum Minerals, MPSA, Nature, Water, Government, El Cobre, News, TSX, Social Security, Minera, Cryptocurrency, Risk management

TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) issued the following statement today in response to the latest developments regarding the Cobre Panamá mine operated by its subsidiary Minera Panamá, S.A. (“MPSA”).

Key Points: 
  • TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) issued the following statement today in response to the latest developments regarding the Cobre Panamá mine operated by its subsidiary Minera Panamá, S.A. (“MPSA”).
  • The Government seeks a refreshed concession contract that does right by the country, its people and its economy, and we believe our proposal achieves just that.
  • We have stated publicly since January that our agreement to this economic benefit should be subject to certain protections in case metal prices or profitability drop significantly.
  • The Minera Panamá contract was renewed in 2017 and remains in legal standing for a period until 2037.