Cobre Panama, the local subsidiary of First Quantum Minerals Ltd, instructed its lawyers to meet with the government’s legal team and suspend its arbitration suits against Panama over the firm’s shuttered copper mine in the country.

First Quantum Minerals (OTCPK:FQVLF) +9.4% in Thursday's trading after Panama’s President Mulino said he will begin a review next week of its shuttered Cobre Panama copper mine and ordered the restart of a power plant needed to operate a nearby port that has been used to export the mine's production.

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

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 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,