First Quantum Minerals, a Canadian miner, has announced a restructuring plan, including job losses, debt refinancing, a $450 million savings target by 2024, and a suspension of dividends.
The company is considering selling smaller mines and partnering with strategic equity partners for larger ones.
The company experienced a 40% market capitalization decline after the closure of its Panama mine.
It is also in discussions to sell shares in Zambia with Jiangxi Copper Co.