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First Quantum could speed up Cobre Panamá

Friday, June 21, 2013

Canada's First Quantum Minerals intends to complete its Cobre Panamá copper project faster than first planned and at lower cost, according to the company’s operations director, Matt Pascal.

“There will be a number of significant changes, and I’m sure in the end it will be done more quickly than it would have been and also at a lower cost.” said Pascal.

First Quantum will probably announce a cost estimate for Cobre Panama between August and November this year, he added.

Source: Bloomberg