September 6, 2017
First Quantum Minerals said it has agreed to pay $635m for an additional 10% in the copper mining company Minera Panama.
The Canadian miner said it will buy half of the Japanese-South Korean consortium LS-Nikko Copper's stake in Korea Panama Mining Corporation, a joint venture with Korea Resources Corporation (Kores) that owns 20% of Minera Panama.
First Quantum will pay for the acquisition in six installments over five years. The company will cover the first installment with the proceeds from t
Canadian mining company agrees to pay $635m for an additional 10% in the Panamanian copper miner