It’s a move that has the potential to reshape global trade in the metal.

The term contemplates Ero Copper earning a 60% interest in the Furnas project upon completion of exploration, engineering and development milestones.

Electoral court stated that it cannot organize a referendum regarding the Panama copper mine, as requested by President Cortizo.

The head of its finance department, Olivar Hernandez Giugliano, would step up as interim CFO.

President Laurentino Cortizo said on Sunday Panama would hold a referendum to decide whether to scrap a contract with First Quantum.

Teck chief executive Jonathan Price is taking over as president, while the company searches for a permanent COO replacement.

More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the past few weeks.