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. On Thursday, Panama's President said his government will allow the export of 120,

Panama has authorised the export of copper concentrate from First Quantum's Cobre Panama mine, which has been shut for the past two years. The move boosted the Canadian miner's shares by 15% on the Toronto Stock Exchange (TSX),

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.