First Quantum's shuttered Cobre Panama mine has instructed its lawyers to start work to suspend arbitration against Panama, the company said in an internal memo on Friday.

First Quantum Minerals Ltd. was cleared to begin shipping out stockpiled copper in Panama, the latest sign authorities may be willing to negotiate a restart of the company’s giant shuttered mine.

Panama has authorised the export of copper concentrate from First Quantum's Cobre Panama mine, which has been shut for the past two years. The move boosted the Canadian miner's shares by 15% on the Toronto Stock Exchange (TSX),

Panama has authorized the sale of copper concentrate at First Quantum's shuttered Cobre Panama mine, President Jose Raul Mulino said on Thursday, boosting shares in the Canadian miner by 15% to a two-month high on the Toronto Stock Exchange.

First Quantum Minerals Ltd. told its lawyers to suspend its arbitration cases against Panama, paving the way for renewed negotiations with the Central American government over the company’s shuttered copper mine.

Panama has authorized the sale of copper concentrate from First Quantum Minerals shuttered Cobre Panama mine, President Jose Raul Mulino announced, boosting the Canadian miners shares by 15% on the Toronto Stock

Panama has authorized First Quantum to sell copper concentrate from its Cobre Panama mine, leading to a resurgence in the company's shares. President Jose Raul Mulino reversed a predecessor's shutdown due to environmental protests,