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First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing

By:  
Creamer Media Senior Deputy Editor Online
 
COPPER
Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include, among others, selling some of the copper miner's smaller assets and minority stakes in its larger assets, as well as a $500-million arrangement with its second-biggest shareholder, reported CEO Tristan Pascall.
 
 
 
 
 

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