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PANAMA CITY (Reuters) – The Panamanian government rejected Canada-based miner First Quantum (NASDAQ:QMCO)’s legal proceedings to avoid halting operations in the copper mine it operates, according to a statement from the country’s Commerce and Industry Ministry published Friday.
The mining firm was notified on December 21 of a government order for it to create a plan to halt operations within ten working days, after it missed a deadline for an agreement on increasing its payments to the Panamanian government.
