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
Canadian mining company agrees to pay $635m for an additional 10% in the Panamanian copper miner