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Benefits to Panama

Minera Panama expects to provide the following benefits to the region, surrounding communities, collaborators, and the country:

  • One of the top 5 global copper projects per capital cost and resources
  • US$ 4-5 billion in capital investment, comparable in scale to that of the Panama Canal expansion
  • 14,700 jobs, on average, during the construction of the mine
  • 4,800 jobs during mine operations
  • 50% of project material costs to be spent locally, creating significant growth opportunities to local businesses
  • Over US$ 3 billion in government revenue over the life of the mine
  • Mine benefits to Panama estimated in excess of 10% of GDP once the mine is operating
  • Key infrastructure development:  road along the pipeline to the port, coal power plant including transmission lines, a port at Punta Rincon