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Copper: closure of First Quantum’s Panama mine will cost around USD 800 million
According to Trade and Industry Minister Jorge Rivera, the cost of closing the Canadian First Quantum's copper mine in Panama is estimated at around $800m. An inter-ministerial coalition, which is developing the mine closure plan, is working on alternative measures to...
Zinc: prices hit five-week highs thanks to South Korean smelter’s production cutback
Zinc prices rose on Thursday to their highest level in five weeks as a production cut at a smelter in South Korea jeopardised supply, but tepid demand in main consumer China limited gains. The zinc price rally was fuelled by a 20% production cut at Young Poong Corp's...
Bondalti evaluates purchase of Spanish chlorine producer to diversify into European PVC market
Portugal's Bondalti is considering a €329 million cash takeover of Spain's largest alkaline chlorine and PVC producer Ercros, which would allow the Portuguese chlorine producer to compete in the alkaline chlorine and polymer segments. The board of Ercros will meet on...
Iron ore: Guinea approves Simandou mining project
The West African state of Guinea recently approved a joint development agreement between the government, Rio Tinto/Simfer and the Simandou Winning Consortium (WCS) for the development of the Simandou iron ore mining project. The National Transitional Council (NTC),...