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Protests continue in Panama against First Quantum’s 20-year deal on Cobre Panama

PLUS: SolGold's Cascabel drawing interest | Zijin to advance Congo lithium project | Sibanye restructuring plans
 
October 25th, 2023
MINING NEWS DIGEST
 
Protests continue in Panama against First Quantum's 20-year deal on Cobre Panama
Since Monday, protests against the contract have led to clashes between protesters and the police and the closure of major roads.
 
SolGold advances plan to sell flagship Ecuador copper project
The miner said there are "several" parties eyeing the Cascabel copper-gold project, and that at least five suitors have completed site visits.
 
Zijin says it will advance disputed, giant Congo lithium project
Mine permit belonged to AVZ Minerals, but was revoked in February with mines ministry saying the company had not developed it fast enough.
 
Over 4,000 jobs on the line with Sibanye-Stillwater's latest restructuring
Announcement comes barely six weeks after the company kicked off a similar process at one of its South African gold mines.
 
Whitehaven hits out at dissident investor's 'failure' after BHP mines deal
Hedge fund and a minority investor Bell Rock is against the miner's decision on the recent $4.1 billion acquisition of BHP's metallurgical coal mines.
 
South African unions free some miners held underground
Workers stuck underground for days over a union dispute at Gold One International Ltd.'s Modder East mine in South Africa have returned to the surface.
 
Video: Mining innovation and challenges in the spotlight
Canadian Mining Symposium panel explored challenges of implementing innovation in existing assets, the risk appetites of industry stakeholders, financing innovation, and the...
 
Hedge fund hunts for next Australia lithium winner on deal craze
An M&A spree that's swept up miners like Liontown and Allkem will carry on in Australia, according to Regal Funds Management.
 
Cochilco says large-scale copper mining costs keep growing
The direct cost reached 198.8 cents per pound, a year-on-year increase of 39.6 cents, the report found.
 
Gold price stays near five-month high with Middle East conflict, US data in focus
The geopolitical concerns are not going away in the short term, which will continue supporting gold, analyst says.
 
Namibia's battery metal ambitions rest on infrastructure, miners say
The southern African country has significant deposits of lithium as well as rare earth minerals.
 
Ma'aden working to extract lithium from seawater
Saudi Arabia is developing an automotive industry which will require electric vehicle battery materials.
 
How microbes can help discover new kimberlite deposits
For the first time, modern DNA sequencing of microbial communities has been used in the search for buried minerals.
 
British Columbia court fines former mining exec $22,000 for environmental violations 
A court ruling in July found that former CEO Benjamin Mossman was "actively or passively involved" in the Yellow Giant mine exceeding permitted amounts of zinc on multiple...
 
G7 announcement on Russian diamond ban expected by end of month
The G7 held a technical meeting last week to discuss several proposals put forward by India, industry groups and Belgium.
 


 
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