08:13 AM EDT, 05/07/2024 (MT Newswires) -- First Quantum Minerals Ltd. ( FQVLF ) will seek talks with Panama's incoming president in an effort to resolve the dispute that shuttered the Cobre Panama copper mine, Bloomberg News has reported.

Bloomberg noted President-elect Jose Raul Mulino, seen as an investor favorite, has said little about First Quantum's $10 billion mine, which closed last year following months of civil unrest. But, the report said, his pro-business credentials and historical support for the mining industry are raising hopes for a reopening.

"We look forward to a dialogue with the new administration and to working together once it takes office to find a resolution that is in the best interests of Panama," First Quantum wrote in a statement Monday.

Bloomberg noted Mulino takes office July 1.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)