- Published: Friday, 21 May 2010 15:45
- Written by E&MJ News
On March 31, 2010, Inmet Mining reported positive results from a front-end engineering and design study for its Cobre Panama project in Panama. The study, completed by AMEC Americas, contemplates construction of an open-pit mining operation, concentrate pipeline, and port at a total capital cost of $4.32 billion. Production of metal contained in concentrates over a 30-year mine life is forecast at 255,000 mt/y of copper, 90,000 oz/y of gold, 1.51 million oz/y of silver, and 3,200 mt/y of molybdenum. During years two to 16 of operation, production is estimated at 289,000 mt/y of copper, 108,000 oz/y of gold, 1.54 million oz/y of silver, and 3,600 mt/y of molybdenum.