Australia's Evolution Mining has agreed to buy Glencore's Ernest Henry Mining copper-gold mine in Queensland, with Glencore taking 100% of the copper output.
In 2018 the community succeeded in convincing a lower court to reverse dozens of previously granted mining concessions along the Aguarico river, arguing they had not been properly consulted about the developments.
Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between U.S. President Joe Biden and Chinese leader Xi Jinping.
New report argues rising mine supply, steep fall in demand from China’s property sector and shifting global consumption patterns away from goods to services will send copper prices skidding.