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Franco-Nevada Provides Update on Draft Cobre Panama Concession Agreement
Franco-Nevada Provides Update on Draft Cobre Panama Concession Agreement Canada NewsWir...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n \n \n \n Franco-Nevada Provides Update on Draft Cobre Panama Concession Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 8, 2023\n \n \n /CNW/ - Franco-Nevada Corporation (\"\n \n Franco-\n \n Nevada\n \n \n \" or the \"\n \n Company\n \n \") (TSX: FNV) (NYSE: FNV) has been advised by its partner First Quantum Minerals Ltd. (\"\n \n First Quantum\n \n \") of the following:\n \n \n \n First Quantum's subsidiary, Minera Panama, S.A. (\"\n \n MPSA\n \n \"), has agreed and finalized the draft of a concession contract (the \"\n \n Proposed Concession Contract\n \n \") with the Government of\n \n Panama\n \n for the Cobre Panama mine.  The Proposed Concession Contract will have an initial 20-year term, with a 20-year extension option and additional extensions for the life of mine\n \n \n The Proposed Concession Contract is subject to a 30-day public consultation process and approvals by the Panamanian Cabinet, Comptroller General of the Republic and the National Assembly\n \n \n The Panama Maritime Authority has confirmed that it will issue a resolution today for MPSA to resume concentrate loading operations at the Punta Rincón port. Ore processing is expected to resume and restore the mine to full production levels over the next several days\n \n \n \n For more detailed information, including certain key terms of the Proposed Concession Contract, please refer to First Quantum's press release dated\n \n March 8, 2023\n \n .\n \n \n \n For more information, please go to our website at\n \n \n \n www.franco-nevada.com\n \n \n \n \n \n Forward-\n \n \n Looking\n \n \n Statements\n \n \n \n \n This press release contains \"forward-looking information\" and \"forward-looking statements\" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to the Proposed Concession Contract and its terms, the Proposed Concession Contract bein...