First Quantum shares gain after Panama orders copper mine audit
Shares in First Quantum Minerals (TSX: FM) rose 6.7% on Wednesday after Panama’s new president José Raúl Mulino said this week he would order an environmental study of the Cobre Panama…
First Quantum Minerals
Gold, copper equities to rise, metals flat: analysts
Stocks in certain gold and copper producers are expected to gain this year even as a surge in the metals’ prices subsides, BMO Capital Markets says. Investors may seek attractive…
Copper price slides from record on Chinese stockpiles
The price of copper has slid from its record high after China’s real estate turmoil increased storage of the wiring and plumbing metal. A pound of copper was at US$4.376…
JV Article: Midnight Sun Mining partners with KoBold Metals, First Quantum
In February, Midnight Sun Mining (TSXV: MMA) teamed up with KoBold Metals, a privately held U.S. AI-driven mining and exploration company backed by technology investors including Bill Gates and Silicon…
Zijin Mining to produce 50% more copper by 2028
China’s top copper producer Zijin Mining expects to produce 4% more copper in 2025 than previously planned to profit from the metal’s price ongoing rally, driven by anticipated supply shortages….
Billionaire-backed KoBold, Midnight Sun team up for Zambia copper discovery
KoBold Metals, a U.S.-based startup supported by high-profile investors such as Bill Gates and Jeff Bezos, is venturing into Zambia’s rich copper belt. In February it partnered with Canada’s Midnight…
Golden Minerals sells Mexico mines in shift to Argentina
Golden Minerals (NYSE-A: AUMN, TSX: AUMN) announced on Friday it has sold its primary assets in Mexico comprising the Velardeña properties in Durango state that it briefly brought back to…
First Quantum to shut Ravensthorpe nickel mine
Canadian miner First Quantum Minerals (TSX: FM) has decided to close its Ravensthorpe nickel operation in Western Australia. The ceasing of operations at the mine this week will cut around…
Panama completes process of mining concession cancellations
The law was passed in November 2023 in response to the protests against First Quantum Minerals’ Cobre Panama new contract.
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Satellites spot China slowing copper smelters
Global copper smelters were about a third more idle this year through February than they normally are as leading producer China slowed output, according to a London-based company that uses…
Exclusive: Barrick CEO Bristow drives another U-turn in a remote land
Barrick Gold (TSX: ABX; NYSE: GOLD), the second-biggest gold miner by market value, this month poured its first gold in Papua New Guinea in nearly four years as CEO Mark…