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First Quantum resumes work at Cobre Panama

Thursday, July 10, 2014

First Quantum Minerals has resumed construction at its $6.4 billion copper-gold-silver Cobre Panama project, following a labour dispute with some of its construction workers who opposed a new work schedule.

After almost two weeks of negotiations the new roster has been implemented, said the company.

First Quantum, gained control of Cobre Panama last year, after acquiring rival Canadian copper miner Inmet Mining Corp. in a hostile deal worth nearly $5 billion.

Source: Mining