Panama President Jose Raul Mulino said he will begin reviewing First Quantum Mineral's shuttered Panama copper mine next week and ordered the restart of a power plant needed for its operations, he told reporters on Thursday.

Panama has authorized First Quantum to sell copper concentrate from its Cobre Panama mine, leading to a resurgence in the company's shares. President Jose Raul Mulino reversed a predecessor's shutdown due to environmental protests,

First Quantum Minerals (OTCPK:FQVLF) +9.4% in Thursday's trading after Panama’s President Mulino said he will begin a review next week of its shuttered Cobre Panama copper mine and ordered the restart of a power plant needed to operate a nearby port that has been used to export the mine's production.

Panama has authorized the sale of copper concentrate at First Quantum's shuttered Cobre Panama mine, President Jose Raul Mulino said on Thursday, boosting shares in the Canadian miner by 15% to a two-month high on the Toronto Stock Exchange.