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FQM ups the stakes at Cobre Panama

First Quantum Minerals (CN:FM) will up its stake in Cobra Panama to 90%, paying LS-Nikko Copper US$635 million for its 10% share of the massive copper project.

FQM ups the stakes at Cobre Panama FQM ups the stakes at Cobre Panama FQM ups the stakes at Cobre Panama FQM ups the stakes at Cobre Panama FQM ups the stakes at Cobre Panama

Before building the mine First Quantum had to put in major infrastructure, starting with roads

Cobre Panama is being built at a cost of $5.5 billion in Panama and will produce 300,000 tonnes of copper annually over a 40-year mine life.

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