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First Quantum says it is seeking $20bn over Panama mine closure order

21st February 2024

By: Reuters

  

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TORONTO - Copper miner First Quantum Minerals said on Wednesday it was seeking $20-billion through international arbitration after Panama ordered the closure of the company's mine in the central American nation.

"We have provided a minimum value sought in those proceedings of $20-billion, reflecting an estimated fair market value of initial investment," First Quantum CEO Tristan Pascal said on an earnings call.

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Edited by Reuters

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