Cobre Panama, the only major greenfield project in the copper industry, has been specifically authorized by the government of Panama to continue operating, although with a reduced labor force operating on 12-hour shifts.
Several members of the contractor’s workforce have been confirmed as having contracted the virus and are being cared for.
“Cobre Panama continues to ramp-up, and expectations for 2020 copper production remain unchanged at 285,000-310,000 tonnes,” First Quantum said.
“However, as a result of the implementation of the health protocols at the operation, the pace of the ramp-up may be slightly slower than originally planned, and this will affect first-half production,” it added.
“At this stage, it is expected that the annual production expectation can still be met with better-than-planned second-half production levels. The Punta Rincon international port at Cobre Panama remains open for imports and exports,” it...