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Panama Panel Backs First Quantum Mine Restart to Fund ‘Closure’

Source: Bloomberg

Commodities & Raw MaterialsMiningRegulation & Legislation

A Panamanian ministerial committee recommended that President Jose Raul Mulino’s administration negotiate a restart of First Quantum Minerals' idled copper mine. The proposed restart would help finance an orderly eventual closure, potentially easing a major operational overhang for First Quantum while remaining subject to government negotiations and closure terms.

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