First Quantum Minerals has agreed to sell its Çayeli copper-zinc mine in Türkiye to a company controlled by Cengiz Holding as part of the Canadian miner’s strategy to focus on core assets
Under a binding agreement, Cengiz Insaat will acquire the underground mine for $340 million in cash, including an upfront payment of $50 million The transaction is expected to strengthen First Quantum’s balance sheet as the company allocates capital toward key projects
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Source and Credit: mining.com
