How First Quantum’s $10 billion copper mine went from promised economic boom to cause of mass popular unrest is a story peculiar to Panama but one that has a moral for the global mining industry.
The news about the Caribou mine came in the form of a news release from Canadian Copper, which is advancing the early-stage Murray Brook West property nearby.
Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.