Panama moved closer to deciding whether First Quantum Minerals Ltd. can reopen a giant copper mine after receiving a long-awaited audit that found the project met most of its environmental, legal, fiscal and operational obligations.
Panama moved closer to deciding whether First Quantum Minerals Ltd. can reopen a giant copper mine after receiving a long-awaited audit that found the project met most of its environmental, legal, fiscal and operational obligations.
Machinery at the First Quantum Minerals Ltd. Cobre mine in Donoso, Colon province, Panama, on Tuesday, Feb. 25, 2025. FQM Chief Executive Officer Tristan Pascall said the company will fully cooperate with a government audit of its shuttered copper mine in Panama, noting that a final arbitration hearing regarding the project is scheduled for February 2026.
First Quantum Minerals Ltd. is looking to sell its copper and zinc mine in Turkey as it seeks to strengthen its balance sheet, according to people familiar with the situation.
First Quantum Minerals Ltd. is looking to sell its copper and zinc mine in Turkey as it seeks to strengthen its balance sheet, according to people familiar with the situation.
The First Quantum Minerals Ltd. Cobre mine in Donoso, Colon province, Panama, on Tuesday, Feb. 25, 2025. FQM Chief Executive Officer Tristan Pascall said the company will fully cooperate with a government audit of its shuttered copper mine in Panama, noting that a final arbitration hearing regarding the project is scheduled for February 2026.
Panama expects to decide in the coming months whether to restart a vast mine that has become one of the biggest uncertainties in the global copper market.
Panama expects to decide in the coming months whether to restart a vast mine that has become one of the biggest uncertainties in the global copper market.
The Cobre Panamá mine. Photographer: Walter Hurtado/Bloomberg
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