December 1, 2023

Copper miners, Chinese smelters agree on first drop in fees in 3 years

Miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges for 2024.

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 trade minister resigns after mining contract backlash

Jorge Rivera has been named the replacement.

November 30, 2023

Brazil’s Braskem sued over sinking ground from Alagoas mines

The company's rock salt mining activities led to soil subsidence that forced the interdiction of several neighborhoods in Maceio.

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

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

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.