Missy Enterprise carries first Minera Panama export
The first 31,200 tons of copper concentrate extracted from the Donsco mine operated by Minera Panama. the local operation of the multinational First Quantam, left Panama on Friday, June 15.
The copper concentrate is heading to foundry plants in China, aboard the Panamanian flagged ship Missy Enterprise,. The vessel was anchored in the port of Punta Rincon, Donosco built by the mining company to export the material extracted from the land.
The first export will benefit Panama with $1million in royalties plus the tolls it pays as it passes through the Panama Canal.
The $6.3 billion investment in the mine puts First Quantum among the five largest miners in the world.
Outgoing president Juan Carlos Varela, made his second visit this year to the plant He was also at Donoso when, in February, tests were done on the mills that grind the stone that is extracted from one of the three open pit pits
Varela, in the opening ceremony, highlighted that "we are facing the largest private investment ever in the country."