Ex-FBI leader advises Fenix mine in Guatemala after US drops sanctions

Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.

Colin McClelland | December 4, 2023 | 10:00 am

First Quantum asks government for clarity on future of Cobre Panama’s workers

The Canadian miner issued a communiqué informing employees that it is uncertain how many people will be able to continue working at the operation.

Valentina Ruiz Leotaud | December 3, 2023 | 11:58 am

Long-term sustainability uncertain if Panama operations end, says First Quantum CEO

The company has notified buyers it will not be able to meet agreements due to force majeure.

Reuters | December 1, 2023 | 4:48 pm

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

Panama trade minister resigns after mining contract backlash

Jorge Rivera has been named the replacement.

Reuters | November 30, 2023 | 3:01 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 to shut down First Quantum mine after ruling, President says

Authorities will start “the transition process for the orderly and safe closure of the mine,” Laurentino Cortizo said in a post on X.

Bloomberg News | November 29, 2023 | 8:12 am

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