Chinese wire rod giant Amer to wind up Shanghai copper trading book Amer’s Shanghai trading unit, Arc Resources terminated many contracts with existing customers and suppliers for the remainder of 2023. Reuters | October 31, 2023 | 1:14 pm
Panama’s investor-friendly image at risk from anti-mining rage First Quantum’s troubles are playing out in a country led by one of the most pro-business governments in the region. Bloomberg News | October 31, 2023 | 1:06 pm
China mulls copper curbs to reduce overcapacity and emissions It’s a move that has the potential to reshape global trade in the metal. Bloomberg News | October 31, 2023 | 10:57 am
Vale and Ero Copper to jointly develop project in Brazil’s Pará state The term contemplates Ero Copper earning a 60% interest in the Furnas project upon completion of exploration, engineering and development milestones. Staff Writer | October 31, 2023 | 8:37 am
First Quantum shares extend slide, company says committed to rule of law Electoral court stated that it cannot organize a referendum regarding the Panama copper mine, as requested by President Cortizo. Reuters | October 31, 2023 | 7:42 am
Codelco says finance manager to take over as interim CFO The head of its finance department, Olivar Hernandez Giugliano, would step up as interim CFO. Reuters | October 30, 2023 | 4:01 pm
Panama electoral court says it can’t hold a mine referendum President Laurentino Cortizo said on Sunday Panama would hold a referendum to decide whether to scrap a contract with First Quantum. Bloomberg News | October 30, 2023 | 12:04 pm
Teck parts ways with president and COO Harry Conger after massive cost overruns at QB2 Teck chief executive Jonathan Price is taking over as president, while the company searches for a permanent COO replacement. Niall McGee - The Globe and Mail | October 30, 2023 | 11:16 am
Traders abandon China’s ‘copper king’ as metals woes spread More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the past few weeks. Bloomberg News | October 30, 2023 | 7:39 am