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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.


TSX:FM - Post by User

Post by newtonboyon Feb 19, 2024 12:27pm
267 Views
Post# 35887636

What Actually Happened In Panama…

What Actually Happened In Panama…

Despite my reluctance of watching or reading MS news I came across this very informative W5 episode regarding First Quantum's mine closure in Panama. It gives both sides to the story and quite frankly opened my eyes on why the locals were so intent on the present result. Their protests made our Truckers Protest in Ottawa in 2022 seem like a high school pep rally. Tristan Pascal's interview did not do him or Quantum any justice or instill the confidence of the mine opening soon. The people have obviously spoken regardless of the economic downfall of Panama's GDP. The show makes it painfully obvious that the company is Canadian only in legal terms, employing a staggering 12 Canadian employees and not paying any Canadian taxes. When W5 interviewed Trade Minister Mary Ng she did not apperar to be be very knowledgeable on this but emphatically stated her department would support all Canadian companies.  Watch it yourself...

https://www.ctvnews.ca/w5/w5-visits-panama-as-protests-rage-against-canadian-owned-mine-1.6773245

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