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First Quantum Minerals faces severe cuts after losing Cobre Panama mine

17 Jan 2024 - Canadas First Quantum Minerals has announced significant cuts in its operations and spending as it grapples with the aftermath of losing its $US10 billion Cobre Panama copper mine due to a combination of government and court decisions.
Tristan Pascall First Quantum Minerals Canada First Quantum Minerals Cobre Panama First Quantum Jiangxi Copper

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First Quantum to Cut Spending, Sell Mines After Panama Setback

(Bloomberg) -- First Quantum Minerals Ltd. will cut spending, pause its dividend and put smaller mines up for sale in a sweeping effort to free up cash after it was ordered to shutter its $10 billion copper operation in Panama. Most Read from BloombergUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Pull Blood-Oxygen Tool From Watches to Avoid US Ban If Appeal FailsStocks Slip as Officials Push Back on Easing Bets
Laurentino Cortizo Bloomberg Businessweek Bloomberg First Quantum Minerals Ltd Barrick Gold Corp Quantum Minerals President Laurentino Cortizo
Source: yahoo.com

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