Welcome to our operation in Panama
Cobre Panama is a large open-pit copper development project in Panama. It is located 120 kilometres west of Panama City and 20 kilometres from the Caribbean Sea coast, in the district of Donoso, Colon province, in the Republic of Panama. The concession consists of four zones totalling 13,600 hectares.
The project involves three open pits with ore mined and processed by crushing, grinding, flotation recovery, and concentrate dewatering. It has a 30 year current mine life.
Copper concentrates will be delivered by slurry pipeline from the concentrator to the filter plant at a new port facility on the Caribbean coast. A road, buried pipelines and an overland power transmission line will link the port facility and process plant. The project also includes the construction of a 300 MW power generation plant at the port.
Once the project is fully operational, the mine can produce over 320,000 tonnes of copper a year. Our objective is to achieve the highest standards of operation, at the same time as meeting our production targets – something we’ll ensure by maintaining close engagement with all our stakeholders.
During the construction phase we estimate there will be over 7,000 jobs. Cobre Panama represents 16% of Panama’s construction sector over next 2-3 years and once in operations it will represent an estimate of $2B exports per year for 34+ years.
Key target time frame:
Q2 2017 – 230KV overland power line complete
Q4 2017 – set 1 (150MW) power station commences output
Q2 2018 – set 2 (150MW) power station commences output
2018 – tailings management facility complete
Q3 2018 – process plant construction complete
H2 2018 – process commissioning
2019 - continued ramp up