The Financial Post reports in its Friday, Jan. 30, edition that First Quantum Minerals is looking to sell its copper and zinc mine in Turkey to strengthen its balance sheet, according to people familiar with the situation. A Bloomberg dispatch to the Post reports that the Canadian firm started a sales process this month for Cayeli, one of Turkey's largest underground mining operations, said the people, who asked not to be identified discussing confidential information. The mine, which is among First Quantum's smaller assets, is valued at about $400-million (U.S.), the people said. There is no guarantee First Quantum will proceed with the sale, the people said. The company declined to comment. First Quantum has sought to off-load assets since Panama's government ordered a shutdown of the company's flagship Cobre Panama copper mine in late 2023, slashing the company's cash flow. Panama President Jose Raul Mulino said earlier this month that he aims to announce by June a decision on whether to allow a restart of Cobre Panama. The status of the mine has become one of the biggest uncertainties in the global copper market.