First Quantum halts Cobre Panama project, citing labor disruptions


First Quantum Minerals (FQVLF) says it has suspended work at its $6.4B Cobre Panama copper project because of a labor dispute with some of its construction workers.

Opposition to a new work schedule sought by First Quantum's Minera Panama subsidiary during the project’s construction phase sparked the conflict, which has included blocking area highways.

The project aims to produce ~320K metric tons of copper, 100K oz. of gold and 1.8M oz. of silver per year.

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