Copper miners, Chinese smelters agree on first drop in fees in 3 years

Miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges for 2024.

Reuters | December 1, 2023 | 7:38 am

First Quantum takes Panama to international court

It is also suspending its 2023 production guidance for Cobre Panama mine, which accounts for about 1.5% of the world’s copper production.

Cecilia Jamasmie | December 1, 2023 | 3:54 am

Codelco’s chief commercial officer resigns

Carlos Alvarado will be replaced by Cristobal Fuenzalida a current marketing manager at Codelco.

Reuters | November 30, 2023 | 4:02 pm

Panama trade minister resigns after mining contract backlash

Jorge Rivera has been named the replacement.

Reuters | November 30, 2023 | 3:01 pm

Brazil’s Braskem sued over sinking ground from Alagoas mines

The company's rock salt mining activities led to soil subsidence that forced the interdiction of several neighborhoods in Maceio.

Reuters | November 30, 2023 | 2:36 pm

Panama mine shutdown threatens copper’s surplus

The expectation for a looser market in the near term has been reflected in copper prices.

Bloomberg News | November 30, 2023 | 10:35 am

First Quantum risks covenant breach, cost cuts if Panama shuts copper mine

The company is facing an estimated $625 million in debt maturities next year and another $1.8 billion in 2025.

Bloomberg News | November 30, 2023 | 7:02 am

Panama copper miners take to the streets in backlash to shutdown

“This is a source of income for more than 40,000 households, and we don’t have a response as to what is going to happen to us,” union leader Michael Camacho told reporters.

Bloomberg News | November 29, 2023 | 4:54 pm

Panama orders First Quantum’s copper mine closure

President Laurentino Cortizo said "the orderly and safe closure of the mine" would begin as soon as top court ruling became official.

Cecilia Jamasmie | November 29, 2023 | 11:57 am

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SQM expects to close Codelco lithium deal by May 31 deadline

Aris Mining gains controlling stake in Soto Norte project

Troubled Peru copper mine starts expansion work in supply boost

SQM swings to $870 million loss on sinking prices, tax ruling

First Quantum seeks to speed up Peru projects after Panama debacle

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