Panama to authorize First Quantum to remove ore from closed copper mine

Panama aims to finalize a resolution by Tuesday authorizing removal of material from First Quantum Minerals' shuttered Cobre Panama mine, trade minister Julio Molto said. The authorization would allow extraction of remaining copper material and influence the resolution of asset/dispute issues, but it is unlikely to have an immediate material impact on broader markets or global copper supply.

Analysis

Panama aims to finalize a resolution by Tuesday authorizing removal of material from First Quantum Minerals' shuttered Cobre Panama mine, trade minister Julio Molto said. The authorization would allow extraction of remaining copper material and influence the resolution of asset/dispute issues, but it is unlikely to have an immediate material impact on broader markets or global copper supply.