First Quantum Minerals Ltd (IZ1.MU)
- Reuters
First Quantum Minerals jumps 5% on Panama plans for mine environmental audit
TORONTO (Reuters) -Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama mine to decide whether it can safely reopen. Panama's government ordered the closure of the Cobre Panama mine, one of the newest and biggest copper mines in the world, in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional. President Jose Raul Mulino, who took office on Monday, made the announcement of an environmental audit in his first address as the head of the government.
- Baystreet
Stocks Stub Toes Despite Soft Inflation Data
Equities in Toronto stumbled a bit, on their way to a third straight session of gains on Friday after ...
- Reuters
Exclusive-FQM to launch formal arbitration versus Panama in July
TORONTO/PANAMA CITY (Reuters) -Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the giant Cobre Panama mine in November, two people familiar with the matter told Reuters. The move coincides with the start of a new administration in the Central American country that could determine the future of one of the world's newest and biggest copper mines that had been responsible for 1% of global output prior to being shuttered. Shares of First Quantum closed down 8% at C$17.86 on the Toronto Stock Exchange on Friday.
