Amplats’ first female CEO leaves to join Newmont as COO
Natascha Viljoen, a metallurgical engineer, will remain as Amplats boss until completion of her 12-month notice period.
Natascha Viljoen, a metallurgical engineer, will remain as Amplats boss until completion of her 12-month notice period.
The main bone of contention centres on taxes and royalties the Canadian miner should pay to the government.
The deal would be one of the biggest in Australian history, though initial feedback suggests that Newmont will have to improve its bid to succeed.
The miner said that it might become necessary to shut down Cobre Panama if concentrate is not shipped by mid-February.
Toronto-based Yamana inked a deal with the two miners after South Africa’s Gold Fields waived its right to match the rival bid.
There still are more than a “few disagreements” between the parties, Panama's Ministry of Commerce and Industry said.
The companies have formed a 50/50 joint venture to explore for metals considered key for the global energy transition.
The Vancouver-based miner and Panama have been negotiating new tax terms on a mine that accounts for about 1.5% of global copper output.
Moves comes after the Canadian miner missed a deadline to finalize a deal that would have increased payments to the government from the mine.
Top court has cleared the path for Barrick Gold to build the massive Reko Diq copper-gold mine.