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

Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024

If the Cobre Panama mine was to be permanently shut, then the market could easily move into deficit in 2024, a Macquarie analyst said.

Reuters | November 28, 2023 | 10:15 am

Nearly one-third of world’s tailings dams close to protected areas – study

Researchers found that mine waste threatens biodiversity within protected areas all over the world.

Staff Writer | November 28, 2023 | 6:06 am

Heliostar Metals stock rises on updated Ana Paula gold resource

The project was acquired from Argonaut Gold for $30 million earlier in the year.

Staff Writer | November 27, 2023 | 3:11 pm

First Quantum warns of arbitration as Panama weighs copper contract

Canada's First Quantum Minerals sent two notifications of intent to start an arbitration process against Panama.

Reuters | November 26, 2023 | 12:22 pm

El Salvador wants humanitarian corridor for truckers stranded in Panama over mining protests

El Salvador is asking the Panamanian government and civil society leaders to allow Salvadoran truckers to return home.

Valentina Ruiz Leotaud | November 26, 2023 | 12:07 pm

Panama copper miners attacked by protesters, union boss says

Protesters attacked workers leaving the Cobre Panama mine early Sunday.

Bloomberg News | November 26, 2023 | 9:51 am

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