First Quantum Announces Resumption of Normal Operations at Cobre Panama
07 July 2020 - 9:52PM
First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX:
FM) announces that Cobre Panama can resume full
production. The Company has received notice of Resolution No.
1651, dated July 03, 2020, issued by the Ministry of Health of the
Republic of Panama (“MINSA”) lifting the temporary suspensions at
its Panamanian subsidiary, Minera Panama, S.A. Cobre Panama has
been in Preservation and Safe Maintenance mode since April 6, 2020.
The Company will implement a reopening plan which provides for a
phased increase of onsite personnel while production is ramped up
to an 85 million tonnes per annum annualized throughput rate.
As the priority for Cobre Panama remains the
health and safety of the workforce and surrounding communities, the
strict protocols and sanitary vigilance will remain in place. There
are currently approximately 800 personnel onsite, which will be
gradually increased in compliance with Cobre Panama’s reopening
plan and in line with MINSA guidelines. The operation is expected
to ramp up to full production by mid-August, depending on
successful implementation of the reopening plan. No cases of
COVID-19 have been detected on the Cobre Panama site since April
30, 2020.
“We continue to work very closely with MINSA
throughout the current COVID-19 pandemic, and we are confident that
we can adhere to our health protocols which are at the highest
international standards” said Gordon White, General Manager, Cobre
Panama. “I am immensely proud of the efforts of the Cobre Panama
team during this challenging time. The lifting of the suspension
order is testament to the hard work from each and every person on
the site, working away from their families over the past weeks.”
Mr. White added: “Cobre Panama has received support from the
employee union UTRAMIPA, the local business community, and from the
Government of Panama to reach this milestone. We are especially
grateful to the dedicated health professionals in the country who
have been working to resolve the wider pandemic in Panama whose
efforts we will continue to support.”
The Company will provide updated 2020 production
guidance for Cobre Panama with the second quarter results in late
July.
For more detail on the Company’s COVID-19 plan, please 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
North American contact: Lisa Doddridge,
Director, Investor RelationsTel: (416) 361-6400 Toll-free: 1 (888)
688-6577
UK contact: Clive Newall, PresidentTel: +44 7802
721663 E-Mail: info@fqml.com
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