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First Quantum Navigates $500 Million Deal Amid Panama Challenges First Quantum Navigates $500 Million Deal Amid Panama Challenges

Amid Panama woes, First Quantum has announced a $500 million deal that underscores the strategic importance of copper amidst widespread supply challenges. The company stated, "Constructive discussions with our lenders for an amendment and extension of our...

Outrage as Panama Government Halts First Quantum’s Copper Operations

It's official - the Panama government has thrown a wrench into the gears of progress by ordering First Quantum to cease all copper operations. The Supreme Court of Panama's ruling last month declared the company's contract to operate the mine unconstitutional, following widespread...

First Quantum Strikes Deal to Fast-Track Zambia Copper Project

Mimosa, the current owner of 37.5% of Kashime Copper Ltd, which holds the Fishtie project, has recently inked an agreement with First Quantum. This new deal will see Mimosa’s stake surge to 75% after the completion of a feasibility study and the securing...

First Quantum navigates choppy waters with Panama’s government over Cobre Panama

First Quantum is calling for the Ministry of Labour and Job Development (MITRADEL) to provide clarity on the future of workers amidst ongoing uncertainty. The company emphasizes the impact on 7,000 workers whose jobs were suspended following port blockades that disrupted operations. The...

Panama Court Slams First Quantum’s Unconstitutional Contract

The echoes from the court’s ruling shook the ground as it shattered the fragile peace that lingered over First Quantum's Cobre Panama mine. The court’s marathon deliberations, stretching from Friday through the weekend with a dramatic 12-hour break concluded with a late-night...

First Quantum Faces Panama’s Top Court in Battle Over Mega Mine

The impending decision by Panama’s Supreme Court on the fate of the Cobre Panama mega mine has the global copper market, investors, and Panamanians on edge. Anti-mining protests have brought the country to a standstill in recent weeks, escalating tension and uncertainty. Expectations are...