Panama Mining News

First Quantum to kick off massive $5.48bn copper mine in Panama in just months

Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.

PDE and CIBJO agree to develop programs to promote Corporate Social Responsibility in Latin American jewelry sector

The Panama Diamond Exchange and CIBJO, the World Jewellery Confederation, have agreed to join forces in providing educational programs for the gemstone and jewelry sectors in Latin America, instilling the principles of Corporate Social Responsibility.

Fourteen of the world's largest diamond companies moving into new Panama Gem & Jewelry Center

The Panama Gem & Jewelry Center is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America.

INFOGRAPHIC: The Panama Canal expansion

The Panama Canal expansion began in 2007, and will be finally completed next year.

Coal carrying ‘death ship’ under scrutiny

Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.

Panama Diamond Exchange to host high-level seminar on anti-money laundering and Kimberley Process

One-day seminar, which will be conducted in English, to take place July 22.

First Quantum resumes construction at Cobre Panama, hunts for new deals

The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.

First Quantum halts $6.4bn Panama copper project

The temporary measure is due to a labour dispute with some of its construction workers, said the firm.

First Quantum and Petaquilla reach $60m deal to split up Panama projects

First Quantum subsidiary Minera Panama’s $6.4 billion Cobre Panama copper-gold-silver mine is located next to Petaquilla’s Molejon gold mine, which has triggered lengthy disputes in the past.

Panama Diamond Exchange launches trilingual website

It will operate in English, Spanish and Portuguese.

Latin America gets its first diamond exchange

The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.

First Quantum turning Cobre Panama into true copper giant

Vancouver miner ups output at Central American project 20% to 320,000 tonnes copper a year as it overhauls construction plans for $6.4 billion mine acquired last year.

Panama holds $200bn in mineral resources waiting to be mined — Government

The country has identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum.

First Quantum to speed up construction of world's largest undeveloped copper deposit in Panama

The Vancouver-based firm will announce a revised investment figure and timeline for its $6.2 billion copper-gold porphyry Cobre Panama mine before the end of 2013.

Australian miners to invest $140bn in Latin America, but region disappoints

The five main investment-grade markets — Brazil, Mexico, Chile, Peru and Colombia— have been expanding below projections or showing signs of weakness.

Latin America chooses mining investment over environment: report

Study reveals some Latin American countries are racing to attract foreign investors eager to cash in on natural resources.

Canadian mining investments in Latin America

INTERACTIVE MAP: Explore active mines by company, country, and the year that the mine was acquired.

First Quantum takes over Inmet: a new copper giant is born

The new merged company projects a 1.3 million tonnes of copper output per year by 2018.

First Quantum ready to take over Inmet and create one of world’s biggest copper producer

The Vancouver-based miner extended the offer after coming up just short of acquiring two thirds of Inmet.

First Quantum asks Inmet shareholders to tender before deadline

Its cash-and-stock offer for Inmet expires late Monday night, unless extended.

Inmet and Petaquilla make peace

They have reached a preliminary $150 million commercial agreement over land rights near the $6.2 billion Cobre Panama copper project.

Petaquilla claims legal win over Inmet on mining rights in Panama

Panama's Supreme Court backed Petaquilla's exploration and extraction rights in five areas of Panama's Donoso District.

New setback for Inmet’s $6 billion copper project in Panama

The country’s Supreme Court ruled against Inmet's land rights claims near Petaquilla’s concessions.

Cobre Panama a risky endeavour for First Quantum: analyst

Haywood Securities mining analyst, Kerry Smith, says the Vancouver-based miner already has "a lot on its plate."

Petaquilla Minerals Ltd. reports 12% increase in production, 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013

A 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013