First Quantum’s 20-year deal on Cobre Panama is now official
Mining News Pro - First Quantum Minerals (TSX: FM) says the law governing the mining concession for its Cobre Panama copper mine was passed and published in the Official Gazette of Panama on Oct. 20. Thus ends a period of uncertainty that began last year for the company.
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First Quantum hopes for speedy Cobre Panama contract renewal
Mining News Pro - Canada’s First Quantum Minerals (TSX: FM) is hoping a new contract for its flagship copper mine in Panama will be approved soon, after negotiations with the government ended last month, with the company agreeing to pay higher royalties.
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Negotiations over Cobre Panama mine contract near end
Mining News Pro - Panama’s government said on Wednesday that negotiations with the local unit of First Quantum (TSX: FM), aimed at obtaining more in royalty payments from the Canadian miner and improve environmental conditions at the giant Cobre Panama copper mine, are nearing an end.
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Cobre Panama making good progress
Mining News Pro - The Cobre Panama copper and gold mine – one of Panama’s biggest ever investments – is making good progress following last year’s Covid-19-related production interruptions, Canadian miner First Quantum reported on Tuesday.
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First Quantum halts Cobre Panama over covid-19 death
Mining News Pro - First Quantum Minerals announced Tuesday that the company has received an order from the Ministry of Health of the Republic of Panama (MINSA) to temporarily suspend labour activities at its Panamanian subsidiary as a sanitary control measure due to covid-19.
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First Quantum eyes Cobre Panama stake sale
Mining News Pro - Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said.
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Cobre Panama makes initial 25-t for First Quantum
Mining News Pro - First Quantum Minerals of Vancouver has offered an update on progress at the Cobre Panama copper mine as it made 25 tonnes of copper during the first quarter of this year. The project is on track to deliver between 140,000 and 175,000 tonnes in 2019. About 80% of total output will occur in the second half of the year as the mill ramps up to its annual capacity of 72 million tonnes by the end of this year.
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First Quantum runs into legal snag at Cobre Panama
Mining News Pro - Cobre Panama is the largest development ever undertaken by a private firm in Panama. (Image: First Quantum)
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