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.
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 to shut down First Quantum mine after ruling, President says Authorities will start “the transition process for the orderly and safe closure of the mine,” Laurentino Cortizo said in a post on X.
November 28, 2023 Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024 If the Cobre Panama mine was to be permanently shut, then the market could easily move into deficit in 2024, a Macquarie analyst said.
Mexico and Canada plan joint action on minerals The countries will present an joint action plan on minerals, infrastructure and supply chains in the second half of the year. February 16, 2026 | 09:46 am
