Panama orders First Quantum to halt copper mine operations
Miner must craft a plan within 10 days to halt operations at its Cobre Panama copper mine.
Miner must craft a plan within 10 days to halt operations at its Cobre Panama copper mine.
Record spot prices will lift contract values for lithium miners next year but a surge in production to over 1 million tonnes by 2024 will put downward pressure on prices, according to a new government report.
Samarco Mineracao expects to end 2022 with production of 8.1 million tonnes of iron ore pellets, up 5.2% on 2021.
Gold defied another hawkish Fed decision this week, consolidating high in its immediate wake.
A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year.
First Quantum's $6 billion investment in the open-pit mine, where operations began in 2019, is considered the largest private investment in the Central American country.
The mine’s fleet today includes 36 Cat 793F autonomous and four 793D staffed mining trucks to haul material, and the conversion to AHS was one of the fastest in the industry.
The ebullient outlook the CEO offered during the carmaker’s last earnings call has given way to price and production cuts in China.
Probe has completed 165,000 metres in the drilling program at the gold project 25 km east of Val-d’Or and will resume drilling in January.
If successful in iron ore, the mandate of China's new centralised state buyer could be extended to lithium, copper and bauxite.