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Cobre Panama Mine

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The Cobre Panama mine is a large-scale open-pit copper mining operation located in the Donoso district of Colón Province, ranking among the largest of its kind globally. Developed by the Canadian firm First Quantum Minerals, the mine commenced commercial production in 2019. The complex features an expansive extraction area, a processing plant, and a dedicated coal-fired power station to sustain its energy needs. Copper concentrate was exported through the nearby Punta Rincón port, making Panama a significant participant in the global mineral market. However, in late 2023, widespread public protests and a Supreme Court ruling led to the cessation of operations due to environmental concerns and constitutional disputes. The economic fallout of the closure is substantial, as the mine previously accounted for approximately 4 to 5 percent of Panama's Gross Domestic Product.
- Location: Panama
- Nearby: Chitré (25 km)
Best time to visit & climate
The most pleasant time to visit is Jan–Mar.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg °C | 26 | 26 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 26 | 26 |
| Rain mm | 22 | 10 | 17 | 95 | 252 | 233 | 229 | 237 | 250 | 255 | 263 | 102 |
📋 Practical info
Geography
Facts
- Commercial copper production officially started in 2019.
- Operated by First Quantum Minerals under the name Minera Panamá.
- Accounted for roughly 4-5% of Panama's total GDP.
- The project involved an investment of over 6 billion USD.
- Features a dedicated 300 MW coal-fired power plant on-site.
- Operations were halted in late 2023 following a court ruling.
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Frequently asked questions
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Cobre Panama Mine: where is it located?
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