First Quantum Minerals Sells Kevitsa Mine for US$712 Million

First Quantum Minerals (TSX:FM) has entered an agreement to sell its Kevitsa nickel-copper-PGM mine in Finland to Boliden AB for US$712 million.
As quoted in the press release, First Quantum Chairman and CEO, Philip Pascall, said:

This transaction is one of the initiatives within our plan, announced in October 2015, aimed at strengthening the Company’s balance sheet and improving its capital structure to better suit the development and start-up timetable of the Cobre Panama project. We are continuing to advance other strategic initiatives, which are expected to be finalized at various times over the next several months, to meet those objectives.

Click here for the full press release.