Panama president-elect rules out First Quantum talks until arbitration dropped
Panama’s president-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order.
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First Quantum hopes new Panamanian leader brings fresh look to disputed copper mine
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution to the Canadian company’s disputed Cobre Panama mine.
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First Quantum seeks ‘dialogue’ with new Panama president over disputed copper mine
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a resolution to its disputed Cobre Panama mine, the Canadian miner said on Monday.
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First Quantum could remove copper from Panama mine after election
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of copper concentrate out of its disputed mine in Panama after the national elections there in May, the company’s chief executive said on Wednesday.
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First Quantum Minerals cuts debt by over $1bn in first quarter
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
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Panama asks First Quantum to suspend visitor program at disputed copper mine
Panama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government before starting the community relations initiative.
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First Quantum’s Panama mine closure to cost around $800m, minister says
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated at around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday.
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Closure of First Quantum’s Panama mine seen around $800m, minister says
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday.
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Panama to defend interests in First Quantum case, official says
Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama’s deputy finance minister told Reuters on Monday.
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First Quantum re-shuffles management at Zambian operation
First Quantum Minerals Ltd (FQM) is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo seen by Reuters showed.
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First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles
First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances.
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First Quantum mine shutdown piles pressure on Panama’s rating, Fitch says
The shutdown of a major First Quantum mine in Panama has reinforced downward pressure on the country’s ‘BBB-‘ rating and its deficit forecast, Fitch Ratings said on Friday, warning of slower near-term growth prospects and government weaknesses.
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First Quantum touts interest in its Zambia copper operations
First Quantum Minerals Ltd. has attracted interest from multiple parties wanting to buy a minority stake in its Zambian copper operations, as the Canadian miner continues efforts to shore up its balance sheet.
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First Quantum to sell 120,000 tons of copper in Panama mine
Canadian miner First Quantum Minerals said on Monday it intends to sell the 120,000 tons of copper concentrate stored near the Punta Rincon port.
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First Quantum shareholder SailingStone told miner about ‘missed opportunities’
SailingStone Capital Partners, one of First Quantum Minerals’ FM.TO largest shareholders, said on Monday it had told the Canadian miner about historic “missed opportunities” in the management of its balance sheet and a range of options to bring down its leverage.
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First Quantum submits copper mine preservation plan to Panama government
Canadian miner First Quantum has delivered an initial preservation and management plan to the Panamanian trade ministry regarding its lucrative copper mine in the country, the miner’s Panamanian unit said on Wednesday.
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First Quantum offers voluntary retirement to over 1,500 Panama mine staff
First Quantum Minerals, opens new tab on Tuesday offered voluntary retirement to more than 1,500 employees at its key Panama mine, a day after announcing a major restructuring to conserve cash, which included suspension of dividends.
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First Quantum suspends dividend
Canadian miner First Quantum Minerals said on Monday it planned to conserve capital, suspend its dividend, cut jobs and lower costs to strengthen its financial position after it was forced to halt production at its Cobre Panama copper mine.
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First Quantum to present initial preservation plan for Panama copper mine
The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on Jan 16, according to a statement, after its project was ordered closed last year.
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Union members stage demonstration at First Quantum’s Panama mine
Mining News Pro - Hundreds of Panamanian construction workers staged a demonstration at a shuttered copper mine that has become the subject of nationalistic sentiment in the Central American nation.
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First Quantum said to be in talks with Jiangxi over Zambian mines
Mining News Pro - Canadian miner First Quantum Minerals (TSX: FM), which is reeling from the forced closure of its flagship copper mine in Panama, is said to be in talks to sell a stake in its Zambian operations to help shore its finances.
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First Quantum committed to Panama amid mine dispute
Mining News Pro - First Quantum Minerals Ltd. says it remains committed to Panama and its flagship mine, even as the company follows orders from the government to indefinitely shutter the $10 billion operation.
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First Quantum requests end of blockades to Cobre Panamá copper mine
Mining News Pro - First Quantum Minerals’ (TSX: FM) subsidiary issued a media statement this weekend requesting proper access to the Cobre Panamá copper mine to maintain the environmental stability of the site located to the north of the Central American country, 20 kilometres from the Caribbean Sea.
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First Quantum to fast-track Zambia project after Panama blow
Mining News Pro - Canada’s First Quantum Minerals has inked a deal with Zambia’s Mimosa Resources to fast-track their joint development of the Fishtie copper project in the African country’s Central Province, near the border with the Democratic Republic of Congo.
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First Quantum takes Panama to international court
Mining News Pro - First Quantum Minerals said on Friday it had initiated international arbitration procedures over a controversial contract allowing it to operate its giant copper mine in Panama for another 20 years, after the country’s top court ruled it unconstitutional.
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