December 12, 2023

Vale mulls briquette plants in Gulf of Mexico, Middle East

The company opened a new plant in Espirito Santo state, Brazil, with production capacity of 2 million metric tons per year.

December 10, 2023

First Quantum requests end of blockades to Cobre Panamá copper mine

Ongoing blockades have prevented the miner from receiving the supplies necessary to fulfill Cobre Panamá’s environmental stability and asset integrity measures.

December 8, 2023

Panama government orders First Quantum to end copper operations

Cobre Panama has requested government authorization to lay off more than 4,000 of its employees.

December 4, 2023

Ex-FBI leader advises Fenix mine in Guatemala after US drops sanctions

Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.

December 3, 2023

First Quantum asks government for clarity on future of Cobre Panama’s workers

The Canadian miner issued a communiqué informing employees that it is uncertain how many people will be able to continue working at the operation.

December 1, 2023

Long-term sustainability uncertain if Panama operations end, says First Quantum CEO

The company has notified buyers it will not be able to meet agreements due to force majeure.

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

Panama trade minister resigns after mining contract backlash

Jorge Rivera has been named the replacement.

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.