PANAMA CITY (Reuters) -Canadian miner First Quantum hopes to avoid arbitration with Panama's government over a major copper mine by instead resolving disagreements during a 90-day period for talks between both sides, the company said in a statement late on Monday. First Quantum issued a legal notification of intent to start arbitration proceedings with the Central American country under an existing trade pact between Panama and Canada, Panama's government announced on Sunday. The country's top court is currently weighing the validity of a contract that would extend operations at the massive open-pit Cobre Panama mine, following a series of legal challenges.
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