First Quantum shares down 50% as Panama Congress committee OKs referendum

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PLUS: China to invest $2.8bn in Zimbabwe minerals | Sigma Lithium nearing end of strategic review | Two overarching challenges in mining

November 1st, 2023 MINING NEWS DIGEST   First Quantum shares down 50% as Panama Congress committee approves referendum The bill has now been sent to the plenary and, if signed into law, it will allow a national referendum on the contract covering Cobre Panama.   China to invest $2.8 billion in Zimbabwe in lithium, energy The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates.   Sigma Lithium in final stage of strategic review Sigma had received multiple proposals for its lithium business earlier this year.   Column: Mining faces gulf between ambition and reality on energy transition, China Mining companies in the West are facing two overarching challenges in trying to produce enough metals to enable the energy transition.   JV Article: Enhancing mining operations through innovative technology — Gahcho Kué case study Over the last two years, Galaxy Broadband Communications (Galaxy) has established key partnerships with OneWeb (U.K.) and Nokia Canada that promise remarkable […]   Lucapa finds Lulo mine's third-largest diamond The 208 carat, Type IIa diamond is also the second 100-carat-plus stone found in October at the Angola mine.   'Bubbly' magmas may lead exploration teams toward untapped copper deposits Magmas that experience the same process that makes fizzy drinks 'bubbly' may help predict whether the area where it spread is likely to be rich in copper.   JV Article: Steppe Gold passes 100,000 oz mark, fully funded for Phase II In just three years, production at home-grown Mongolian miner Steppe Gold's (TSX: STGO; US-OTC: STPGF) ATO mine has surpassed the 100,000 oz. gold […]   Cameco hits 52-week high as it turns to profit in Q3, raises revenue outlook The new 2023 revenue outlook represents a C$500 million increase from its prior guidance.   Iron ore price rallies on positive signals from China China will set up a mechanism to resolve local debt risks and manage local government debt.   Canada, US must spur critical mineral mining, refining at home to secure clean energy shift, American envoy says  Both countries need to build up their mining and refining, and battery making capacity quickly.   Nyrstar to suspend operations at two US zinc mines The miner plans to temporarily close two zinc mines in Tennessee due to weak prices and the impact of inflation.   Poll – Copper to claw higher in 2024 despite headwinds Copper prices have shed about 15% since touching the highest in more seven months in January.   University of Arizona's new school addresses critical need for minerals and mining talent The transdisciplinary School of Mining & Mineral Resources was created to fill the workforce gap with emerging talent, to revolutionize the way mining is being taught, and...   Gold mining spreads mercury to tropical birds, study says Birds living within 7 km of gold mining activity were found to have mercury concentrations over four times higher than those living at other sites.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.