Perseus extends OreCorp takeover bid to April Perseus and Silvercorp are vying for OreCorp’s Nyanzaga gold project in Tanzania, slated to produce 242,000 oz./year over its first decade. Cecilia Jamasmie | March 8, 2024 | 3:55 am
Panama asks First Quantum to suspend visitor program at disputed copper mine The company is seeking $20 billion from the Panama government through international arbitration. Reuters | March 7, 2024 | 3:46 pm
Zinc price rallies as traders unwind bearish bets on better outlook Support has also come from a report this week that South Korea’s Young Poong Corp. cut production at its Seokpo smelter. Bloomberg News | March 7, 2024 | 2:40 pm
Dundee Precious Metals sells Tsumeb smelter in Namibia for $49 million Dundee acquired the smelter in 2010 to secure a processing plant for the complex concentrate from the company’s Chelopech mine in Bulgaria. Staff Writer | March 7, 2024 | 10:00 am
Deep-sea mining could cost $500 billion in value destruction, study says The report "How to lose half a trillion" says that mining the seafloor could cost the industry $30 to $132 billion in value destruction. MINING.com Editor | March 7, 2024 | 3:00 am
China’s copper smelters to discuss production cut as fees slump Smelters compete to treat concentrate but overseas mine disruptions are curbing supply, forcing them to drop their fees. Bloomberg News | March 6, 2024 | 5:47 pm
Canada plans scrutiny of Chinese offtake deals, minister says at PDAC Government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on critical mineral transactions. Colin McClelland | March 6, 2024 | 3:04 pm
First Quantum’s Panama mine closure to cost around $800m, minister says An inter-ministry coalition which is developing the mine's closure plan is working on alternative measures to recoup funds. Reuters | March 6, 2024 | 12:16 pm
Sprott Asset Management launches copper miners ETF The ETF has Freeport-McMoRan, Antofagasta, and Southern Copper Corp as its top holdings by weight. Reuters | March 6, 2024 | 7:53 am
