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# Cobre Panamá Prepares Second Copper Shipment From Closed Mine
- URL: https://balboa.news/cobre-panama-prepares-second-copper-shipment-from-closed-mine/
- Published: 2026-09-11T17:49:30.000Z
- Updated: 2026-09-11T17:49:30.000Z
- Author: Balboa News Desk
- Tags: National

A second shipment of copper concentrate produced at the closed Cobre Panamá mine is scheduled to leave Panama for India on September 11, according to Commerce and Industries Minister Julio Moltó.

The planned cargo contains 38,000 tonnes of concentrate processed from ore that was extracted before the mine suspended operations in November 2023\. Moltó told the National Assembly’s Budget Committee that an application for the shipment’s export permit had been submitted.

The departure had not been independently confirmed when local reports were published on September 9 and 10.

The shipment follows the export of 33,000 tonnes to Spain and Bulgaria on August 22\. Moltó said 6.3 million tonnes of previously extracted rock have now been processed, representing approximately 16 percent of the stockpile. A further 31.6 million tonnes remain, and the minister estimated that completing the work would take about 13 months.

Panama authorized Minera Panamá, a subsidiary of Canada’s First Quantum Minerals, to remove, process and sell the stockpiled material in April. The authorization does not permit drilling, blasting or other new mineral extraction.

The government presents the work as part of a safe-preservation plan for the industrial complex rather than a reopening of the mine. Moltó said no decision has been made on whether copper extraction will eventually resume.

Cobre Panamá, previously responsible for roughly 1 percent of global copper production, closed after Panama’s Supreme Court ruled its operating contract unconstitutional on November 28, 2023\. The decision followed nationwide protests over environmental, sovereignty and contractual concerns.

The value of the September shipment and the portion of its proceeds that Panama will receive have not been disclosed. Moltó said the final amount would depend on factors including copper prices, moisture levels and the value of other materials contained in the concentrate.

**Sources:** La Prensa | Reuters