Panama asks First Quantum to suspend visitor program at disputed copper mine
Panama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government before starting the community relations initiative.
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Visit: 60
First Quantum’s Panama mine closure to cost around $800m, minister says
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated at around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday.
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Visit: 27
Closure of First Quantum’s Panama mine seen around $800m, minister says
The cost of the closure of Canadian miner First Quantum’s copper mine in Panama is estimated around $800 million, Trade and Industry Minister Jorge Rivera said on Wednesday.
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Visit: 53
Panama to defend interests in First Quantum case, official says
Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama’s deputy finance minister told Reuters on Monday.
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Visit: 69
First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles
First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances.
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Visit: 82
First Quantum mine shutdown piles pressure on Panama’s rating, Fitch says
The shutdown of a major First Quantum mine in Panama has reinforced downward pressure on the country’s ‘BBB-‘ rating and its deficit forecast, Fitch Ratings said on Friday, warning of slower near-term growth prospects and government weaknesses.
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Visit: 82
First Quantum to sell 120,000 tons of copper in Panama mine
Canadian miner First Quantum Minerals said on Monday it intends to sell the 120,000 tons of copper concentrate stored near the Punta Rincon port.
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Visit: 62
First Quantum submits copper mine preservation plan to Panama government
Canadian miner First Quantum has delivered an initial preservation and management plan to the Panamanian trade ministry regarding its lucrative copper mine in the country, the miner’s Panamanian unit said on Wednesday.
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Visit: 56
First Quantum offers voluntary retirement to over 1,500 Panama mine staff
First Quantum Minerals, opens new tab on Tuesday offered voluntary retirement to more than 1,500 employees at its key Panama mine, a day after announcing a major restructuring to conserve cash, which included suspension of dividends.
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Visit: 46
First Quantum to present initial preservation plan for Panama copper mine
The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on Jan 16, according to a statement, after its project was ordered closed last year.
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Visit: 67
Union members stage demonstration at First Quantum’s Panama mine
Mining News Pro - Hundreds of Panamanian construction workers staged a demonstration at a shuttered copper mine that has become the subject of nationalistic sentiment in the Central American nation.
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Visit: 59
First Quantum committed to Panama amid mine dispute
Mining News Pro - First Quantum Minerals Ltd. says it remains committed to Panama and its flagship mine, even as the company follows orders from the government to indefinitely shutter the $10 billion operation.
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Visit: 89
First Quantum to fast-track Zambia project after Panama blow
Mining News Pro - Canada’s First Quantum Minerals has inked a deal with Zambia’s Mimosa Resources to fast-track their joint development of the Fishtie copper project in the African country’s Central Province, near the border with the Democratic Republic of Congo.
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Visit: 95
Panama mine shutdown threatens copper’s surplus
Mining News Pro - A plan to close a major mine in Panama is threatening to upend the global copper market by whipsawing the industry back into a period of tighter supply.
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Visit: 98
Panama trade minister resigns after mining contract backlash
Mining News Pro - Panama’s Trade Minister Federico Alfaro announced his resignation on Thursday days after the country’s top court ruled a contract between the government and Canadian miner First Quantum unconstitutional.
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Visit: 64
First Quantum takes Panama to international court
Mining News Pro - First Quantum Minerals said on Friday it had initiated international arbitration procedures over a controversial contract allowing it to operate its giant copper mine in Panama for another 20 years, after the country’s top court ruled it unconstitutional.
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Visit: 64
First Quantum warns of arbitration as Panama weighs copper contract
Mining News Pro - Canada’s First Quantum intends to start arbitration against Panama, the Central American nation’s trade ministry and the company said on Sunday, as Panama’s top court considers annulling a copper contract that opponents call unfair.
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Visit: 144
Panama copper miners attacked by protesters, union boss says
Mining News Pro - Protesters attacked workers leaving the Cobre Panama mine early Sunday in an incident that left about eight people injured, a union leader said.
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Visit: 99
Panama copper mine is winding down amid blockade, union says
Mining News Pro - First Quantum Minerals Ltd. is winding down operations at its Panama copper mine as a blockade of boats restricts key supplies to the site, according to a union leader.
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Visit: 125
First Quantum plans maintenance for Panama copper mine amid protests
Mining News Pro - Canada’s First Quantum Minerals will carry out maintenance at its Panama mine from Nov. 23 due to coal supplies being blocked by protestors opposing the government’s contract with one of the world’s biggest and newest copper mines, two sources familiar with the discussions said on Monday.
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Visit: 86
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 82
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 75
First Quantum faces rocky road as Panama protesters dig in
Mining News Pro - Battered Canadian mining company First Quantum Minerals is bracing for a rocky road ahead as Panama moves to strike down its contract to operate one of the world’s largest copper mines.
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Visit: 117
Panama Supreme Court to decide First Quantum’s contract fate
Mining News Pro - Panama legislators approved on Thursday a Bill that originally sought to revoke First Quantum Minerals’ (TSX: FM) contract with the country’s government covering the Cobre Panama copper mine, but lawmakers decided at the last minute to eliminate that part of the Bill.
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Visit: 129
First Quantum faces rocky road as Panama protesters dig in
Mining News Pro - Battered Canadian mining company First Quantum Minerals is bracing for a rocky road ahead as Panama moves to strike down its contract to operate one of the world’s largest copper mines.
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Visit: 156