Commerce Minister Julio Moltó said the money will fund urgent public works across the country, including upgrades to health centres, school expansions, road repairs and improvements to water and electrical systems. The minister noted the export of concentrate already on site was allowed under the Safe Preservation and Management Plan, which requires First Quantum to cover the mine’s $15-million-a-month maintenance bill. That cost has reached about $360 million since operations stopped in 2023. 

 

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