Minera Panama (MPSA) is the Panamanian subsidiary of Toronto-based First Quantum Minerals. The company is currently developing the Cobre Panamá project, located in Colón province. The project's mine life has been estimated at more than 30 years and it will produce around 300,000t/y copper, 100,000oz/y gold and 2,500t/y molybdenum. The project is owned by Minera Panama (MPSA), of which First Quantum Minerals controls 80%. MPSA is based in Panama City, Panama.