Pangaea invests in copper miner FQM

Pangaea Investment Management, the investment arm of China's Jiangxi Copper Company Ltd, has made an investment in Vancouver-based copper miner First Quantum Minerals Ltd. According to the terms of the transaction, PIM acquired 6 million common shares of FQM for $9.89 per share, for a total of over $59.3 million, on the Toronto Stock Exchange.

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