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TORONTO, 7 July 2020 (GLOBE NEWSWIRE) – First Quantum Minerals Ltd. (“FQM” or “Company”) (FM. TO) announces that Cobre Panama can resume full production. The Company has noticed Resolution No. 1651, dated July 3, 2020, issued through the Ministry of Health of the Republic of Panama (“MINSA”) that lifts the transitional suspensions of its Panamanian subsidiary, Minera Panamá, SA Cobre Panama has been in Safe Preservation and Maintenance mode since April 6, 2020. The Company will implement a reapture plan that includes a slow build-up of staff on site while production increases at an annualized rate of 85 million tons consistent with the year.
As Copper Panama’s priority remains the suitability and protection of the workforce and surrounding communities, strict protocols and surveillance of suitability will be maintained. Lately there are about 800 other people on the site, who will be strengthened according to the plan of reopening copper Panama and according to MINSA guidelines. The operation is expected to succeed in full production until mid-August, depending on the successful implementation of the reopening plan. No cases of COVID-19 have been detected at the Cobre Panama site since April 30, 2020.
“We continue to paint a lot with MINSA around the existing COVID-19 pandemic, and we are confident that we can comply with our fitness protocols that meet the highest foreign standards,” said Gordon White, Managing Director of Cobre Panama. . “I am incredibly proud of the efforts of the Copper Panama team during this difficult time. The lifting of the suspension order is a testament to the hard paintings of each user on the site, fleeing their circle of relatives in recent weeks. White added: “Cobre Panama has won the help of the UTRAMIPA employee union, local businesses and the Panamanian government to succeed in this milestone. We are especially grateful to the country’s committed fitness professionals who have portrayed the largest pandemic in Panama and whose efforts we will continue to help.
The company will provide up-to-date production forecasts for 2020 for Copper Panama with quarter effects at the end of July.
For more points on the company’s COVID-19 plan, visit: https://www.first-quantum.com/English/sustainability/programs/covid-19-global-response/default.aspx
For further information, visit our website at www.first-quantum.com
Contact in North America: Lisa Doddridge, Director, Investor Relations Tel: (416) 361-6400 Toll-free: 1 (888) 688-6577
UK contact: Clive Newall, PresidentTel: +44 7802 721663 E-Mail: [email protected]