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First Quantum Minerals said it remains committed to Panama and its flagship mine, even as it follows orders to shutter the site. Read more.

(Bloomberg) -- First Quantum Minerals Ltd. says it remains committed to Panama and its flagship mine, even as the company follows orders from the government to indefinitely shutter the $10 billion operation.Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapTrump Barred From Colorado Ballot in Unprecedented RulingThe Hedge Fund Traders Dominating a Massive Bet on BondsApple Races to Tweak Software Ahead of Looming US Watch BanOnce Africa’s Richest Woman, Dos Sa

(Bloomberg) -- First Quantum Minerals Ltd. could be forced to slow spending next year and face a potential breach of debt covenants if Panama follows through on plans to close a copper mine that generated roughly $1 billion in profit last year. Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Saudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live I

The Financial Post brings you the top business stories as they happen for December 1, 2023. Read on for breaking news you need to know.

The Vancouver-based miner says it has started arbitration against Panama before the International Court of Arbitration, with hearings to be held in Miami