First Quantum Minerals announced it is in talks with potential partners for a stake sale in its Zambian assets, though it has not disclosed any names. The Canadian mining company seeks to reduce its debt, which surged after Panama temporarily shut down its Cobre Panama mine last December due to public protests.

First Quantum is currently awaiting the new Panamanian administration's decision on the mine's operations, including approval to export 121,000 metric tons of copper concentrate trapped on-site. This shipment would provide crucial working capital for the mine's upkeep. Meanwhile, the company is spending US$11-13 million monthly to maintain the mine but warns that without timely approval, it may need to cut costs, which could include workforce reductions.