December 1, 2023

First Quantum takes Panama to international court

It is also suspending its 2023 production guidance for Cobre Panama mine, which accounts for about 1.5% of the world’s copper production.

November 30, 2023

Codelco’s chief commercial officer resigns

Carlos Alvarado will be replaced by Cristobal Fuenzalida a current marketing manager at Codelco.

November 30, 2023

Panama mine shutdown threatens copper’s surplus

The expectation for a looser market in the near term has been reflected in copper prices.

November 30, 2023

First Quantum risks covenant breach, cost cuts if Panama shuts copper mine

The company is facing an estimated $625 million in debt maturities next year and another $1.8 billion in 2025.

November 29, 2023

Panama copper miners take to the streets in backlash to shutdown

“This is a source of income for more than 40,000 households, and we don’t have a response as to what is going to happen to us,” union leader Michael Camacho…

November 29, 2023

Arca Climate Technologies launches pilot project with BHP to capture CO2 from mine waste

Arca is one of the first companies commercializing mineralization for the capture and storage of atmospheric CO2 that is supported by scientific research.

November 29, 2023

Panama orders First Quantum’s copper mine closure

President Laurentino Cortizo said "the orderly and safe closure of the mine" would begin as soon as top court ruling became official.

November 29, 2023

Dundee Precious extends Chelopech mine life in Bulgaria to 2032

The mine is expected to remain in production to 2032.

November 29, 2023

Brazil authorities expect Mariana dam disaster deal to close in December

According to the newspaper O Tempo, the compensation is expected to exceed that of the Brumadinho disaster, for which Vale paid $7.72 billion.

November 29, 2023

Implats to restart platinum mine after fatal accident

The company said it will resume production at its Rustenburg operations on Thursday.