Deal history comparison #3722

Previous version (124277)

Selected version (124578)

Location #1

Spatial accuracy level
Administrative region
Location
Colón, Panamá

Comment on location
The Cobre Panama concession is located 120 kilometers west of Panama City and 20 kilometers from the Caribbean coast, in the district of Donoso, province of Colon, Panama

Location #1

Spatial accuracy level
Administrative region
Location
Colón, Panamá

Target country
Panama
Comment on location
The Cobre Panama concession is located 120 kilometers west of Panama City and 20 kilometers from the Caribbean coast, in the district of Donoso, province of Colon, Panama

Land area

Size under contract (leased or purchased area, in ha)
[2006] 13600
Size in operation (production, in ha)
5,897
Comment on land area
The concession consists of four zones totalling 13,600 hectares.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)

Implementation status

Implementation status
Startup phase (no production)
Comment on implementation status
Reserves of 3.06 billion tonnes of ore contain 26 billion pounds of copper and 7.3 million ounces of gold. Measured and indicated resources, which include the mineral reserves, contain 32.7 billion pounds of copper and 9 million ounces of gold. Inferred resources contain 18.3 billion pounds of copper and 4.4 million ounces of gold.

Land area

Size under contract (leased or purchased area, in ha)
[2006] 13600
Size in operation (production, in ha)
5,897
Comment on land area
The concession consists of four zones totalling 13,600 hectares.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)

Implementation status

Implementation status
Startup phase (no production)
Comment on implementation status
Reserves of 3.06 billion tonnes of ore contain 26 billion pounds of copper and 7.3 million ounces of gold. Measured and indicated resources, which include the mineral reserves, contain 32.7 billion pounds of copper and 9 million ounces of gold. Inferred resources contain 18.3 billion pounds of copper and 4.4 million ounces of gold.

Operating company

Name of investment project
Cobre Panama

Operating company

Operating company
Name of investment project
Cobre Panama

Data source #1

Data source type
Company sources
File
Date
2006-12-31

Data source #2

Data source type
Company sources
File

Data source #1

Data source type
Company sources
File
Date
2006-12-31

Data source #2

Data source type
Company sources
File

Detailed crop, animal and mineral information

Resources area
Copper, Molybdenum, Gold

In country processing of produce

In country processing of produce
Yes

Detailed crop, animal and mineral information

Resources area
Copper, Molybdenum, Gold

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
Active operations Çayeli — our underground copper and zinc mine in northeastern Turkey Las Cruces — our 100% interest in an open-pit copper mine near Seville in southern Spain Pyhäsalmi — our underground copper and zinc mine in central Finland

Overall comment

Overall comment
Active operations Çayeli — our underground copper and zinc mine in northeastern Turkey Las Cruces — our 100% interest in an open-pit copper mine near Seville in southern Spain Pyhäsalmi — our underground copper and zinc mine in central Finland