Thousands of Cobre Panamá workers join First Quantum’s voluntary retirement scheme

Close to 2,500 workers joined Minera Panamá’s special voluntary retirement scheme following the order received by parent company First Quantum Minerals to end mining operations at the Cobre Panamá copper mine.

Valentina Ruiz Leotaud | December 17, 2023 | 12:21 pm

Buenaventura stock surges as Antofagasta takes 19% equity position

The NYSE-listed shares reached a 52-week high of $12.73 earlier in the session.

Staff Writer | December 15, 2023 | 1:42 pm

LME faces fresh worries about Russian metal after UK sanctions

Any move by the US or EU to follow the UK’s sanctions on metals trading would likely force the LME’s hand.

Bloomberg News | December 15, 2023 | 12:23 pm

Friedland says $15,000/t copper price needed to spur new mines

The mining magnate said that forecasts of copper prices reaching $9,000 a metric ton next year isn’t enough to stimulate the industry.

Bloomberg News | December 15, 2023 | 11:13 am

Panama starts process for First Quantum’s mine ‘definitive’ closure

The roadmap for the mine's closure will be presented to the country in the coming days.

Reuters | December 15, 2023 | 9:48 am

New sanctions bar UK entities from trading most Russian metals

Prices of metals produced by Russia surged as panicky traders struggled to understand how widespread the impact of the measures would be.

Bloomberg News | December 15, 2023 | 6:41 am

TechMet urges UK Gov’t to “catch up” on race for critical minerals

The UK is "way behind" where it should be to ensure sufficient supplies of critical metals for EVs and renewable energy storage sectors, report says.

Staff Writer | December 15, 2023 | 1:01 am

Rio Tinto’s Nuton, Arizona Sonoran Copper ink joint venture option on Cactus project

Rio Tinto invested C$30.5 million for a 7.4% stake last year in the project.

Henry Lazenby | December 14, 2023 | 5:20 pm

Workers at Antofagasta copper mine approve contract offer, averting strike

The nearly 400 employees represented by the union rejected an earlier contract proposal last month.

Reuters | December 14, 2023 | 12:03 pm

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Mexico’s Supreme Court could strike down president’s mining reforms next week

Global copper smelters less active after China’s planned output cuts

Chinese investors snap up copper, gold stocks to drive 10% gains

Vitol CEO confirms energy trading giant is getting into metals

Capstone Copper feeds first ore to new mill at Mantoverde

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