Cobre Panama is the largest copper mine coming to market over the next couple of years and the biggest single private sector investment in Panama’s history.
The international group says sales of polished diamonds below 0.50 carats are slow due to excess supply, weak Chinese demand and tight Indian liquidity.
None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum.