First Quantum Gets Panama OK to Process Cobre Ore Stockpile

First Quantum Minerals announced Panama’s government has formally approved the processing of stockpiled ore at its Cobre Panamá facility.

• The company will process about 38 million tonnes of ore containing about 70,000 tonnes of recoverable copper
• First Quantum plans to expand workforce from current levels to 3,000 employees
• The company estimates preparation will take three months and require about $250 million in capital

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Guillermo Molero in New York at gmolero@bloomberg.net

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Ilya Banares at ibanares@bloomberg.net

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