Cobre Panama, committed to biodiversity conservation and climate change mitigation

– Cobre Panama sponsors the II International Scientific Congress of the University of Panama, Cocle Regional Center.

Panama, October 19, 2023 – Under the theme “Climate Change: Climate, famine, conflict and disease”, the II International Scientific Congress of the University of Panama, Cocle Regional Center was held.

This event brought together national and international scientists and researchers to learn about, evaluate and make commitments to mitigate the impact of climate change.

During the Congress, conferences, lectures, round tables, among others, were held to promote reflection and awareness of climate change, its consequences and alternatives to reduce greenhouse gas emissions.

Alejandro Chambi, Environmental Manager of Cobre Panama, participated with the keynote speech “Cobre Panama in the face of global challenges: investment, science and technology for biodiversity conservation and climate change mitigation”.

Before more than 100 members of the academic community, including students and professors, Chambi presented global figures on greenhouse gas emissions and the growing demand for copper as a key element in the transition to clean energy and technological innovation. Given this global outlook, First Quantum Minerals is actively seeking sustainable alternatives to ensure responsible operations in Panama and the rest of the countries where it operates.

“Cobre Panama develops multiple plans within its environmental management, including reforestation, rehabilitation and compensation programs, scientific research applied to the conservation of flora and fauna, support for protected areas, sustainable community development, environmental education, rigorous environmental controls for the protection of natural resources, a progressive mine closure plan, among others, which position the company as a model of environmentally responsible mining,” explained Chambi.

All these programs contribute to conserving biodiversity, strengthening the protection of natural areas, raising public awareness and seeking sustainable alternatives that contribute to preserving the life of forests that are essential for CO₂ absorption, Chambi emphasized.

Cobre Panama also reduces its emissions by implementing electric technology in its operation: 38 hybrid DTU T284 trucks, 5 electric shovel excavators, 11 all-electric drills, and lines 1 and 2 with the “Trolley” system that allows the trucks transporting the rock to connect to overhead power lines, which represents significant fuel savings.

In 2024 Cobre Panama will begin the transition to clean energy with the decarbonization of the Power Generation Plant. By 2025, 30% of the energy used in Cobre Panama’s operations is expected to come from renewable sources and by 2030, Cobre Panama is expected to reduce absolute emissions and greenhouse gas intensity by 50%.