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       First Quantum stock jumps on Panama plans for mine audit
        
 (HTM) Source
        
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       "I will order a strict environmental audit of the mine, with the best
       international experts, so that the country knows the truth about the
       state of the site…," President Mulino said in his speech on Monday. He
       added that Panama will choose an auditing company which will not
       generate any costs for the government.
        
       "The plan to open and definitively close the mine in a safe and
       positive manner for our country will depend on the results of that
       environment study," Mulino said.
        
       First Quantum did not respond to an email query.
        
       The Cobre Panama mine, one of the newest and biggest copper mines in
       the world, was ordered to be shut down by the Panama government last
       December after public protests. Last week, _Reuters_ reported that
       First Quantum was planning to launch a formal arbitration proceeding
       against Panama this month.
        
       _(By Divya Rajagopal and Elida Moreno; Editing by Maria Sheahan and
       Chizu Nomiyama)_
        
        
        
        
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