Panama recommends First Quantum pay for copper mine closure

PANAMA CITY, March 5 (Reuters) - The Panamanian government has recommended that First Quantum's unit in the country set out financial guarantees to cover the cost of closing its lucrative copper mine there, Panama's trade and industry ministry said on Tuesday.

The recommendation was one of several made by a multi-ministry committee to First Quantum. The ministry also said that the miner should detail estimated monthly costs to keep the mine in preservation mode "with as much detail as possible."

First Quantum said in January it entailed costs of "tens of millions of dollars a month." (Reporting by Elida Moreno; Editing by Sarah Morland)