First Quantum to present initial preservation plan for Panama copper mine

The Cobre Panama project, one of the world’s largest open-pit copper mines, was forced to shut down after Panama’s top court ruled that its contract was unconstitutional, following nationwide protests opposed to its continued operation.

The plan should “ensure physical and chemical stability related to mining facilities and environmental management,” including personnel requirements, monitoring and evaluation tasks, according to the company statement.

The company added that an interagency government commission will first conduct a technical inspection on Jan. 11, as part of the commerce and industry ministry’s action plan for the mine’s closure.

Under best international practices, the orderly closures of such mining projects, including planning for and preparing methods to ensure the mine’s environmental stability going forward, normally take years to complete, according to the company.