First Quantum’s Cobre Panama mine has initiated steps to suspend arbitration proceedings against Panama, reported Reuters. Panama’s Commerce Ministry stipulated that negotiations with the miner could only proceed if the arbitration case was suspended.

First Quantum's shuttered Cobre Panama mine has instructed its lawyers to start work to suspend arbitration against Panama, the company said in an internal memo on Friday.

First Quantum Minerals Ltd. was cleared to begin shipping out stockpiled copper in Panama, the latest sign authorities may be willing to negotiate a restart of the company’s giant shuttered mine.

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

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.