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First Quantum may suspend workforce in Panama due to government order to halt operations
Canadian mining company First Quantum said in a statement that it will suspend a "significant amount" of its workforce at its operations in Panama if the Central American government forces it to halt operations during a contract dispute. "If we were to reduce...
Strong growth in mining investment in Peru
The Peruvian Ministry of Energy and Mines (Minem) released the latest Mining Statistical Bulletin showing that accumulated mining investment increased by 3.2 percent through November 2022, reaching $4.6 billion compared to $4.4 billion a year earlier. November was, in...
Copper: new highs for over 6 months thanks to China’s reopening of borders
London copper jumped to more than six-month highs, while most other base metals also rose thanks to a brighter demand outlook after major consumer China reopened its borders. Three-month copper on the London Metal Exchange is up 1.56 percent at $8,743/mt (09:32...
Italy approves funds to rescue Acciaierie d’Italia
In a new decree "Urgent Measures for National Strategic Installations," the Italian government has approved the injection of 1 billion euros ($1.06 billion) for the struggling steelmaker Acciaierie d'Italia (ADI), the joint venture formerly known as Ilva between...