First Quantum Minerals Ltd. told its lawyers to suspend its arbitration cases against Panama, paving the way for renewed negotiations with the Central American government over the company’s shuttered copper mine.

Panama government will allow the export of 120,000 metric tons of copper concentrate that has been stuck in the shuttered mine for over two years and allow restart of the power plant used to run the mine.

Panama’s President Mulino said he will begin a review next week of First Quantum's shuttered Cobre Panama copper mine and ordered the restart of a power plant needed to operate a nearby port

Panama has authorized the sale of copper concentrate at First Quantum's shuttered Cobre Panama mine, President Jose Raul Mulino said on Thursday, boosting shares in the Canadian miner by 15% to a two-month high on the Toronto Stock Exchange.

Panama has authorized the sale of copper concentrate from First Quantum Minerals shuttered Cobre Panama mine, President Jose Raul Mulino announced, boosting the Canadian miners shares by 15% on the Toronto Stock

President Mulino highlighted the need to remove stranded copper products from the mine, stating that Panama should be reimbursed once the products are processed abroad. He plans t