Category: Corporate News

Panama authorizes First Quantum to process and export stockpiled ore at Cobre Panamá without reopening mine The government of Panama has formally approved a request by Canada’s First Quantum Minerals to remove, process and export stockpiled ore at its shuttered Cobre Panamá mine, one of the world’s largest open-pit copper operations. In separate statements issued on Tuesday, the government and the mining company said the measure is intended to prevent potential environmental risks, protect nearby communities from hazards such as acid rock drainage, and maintain the operational stability of the… Read More Here

ERG subsidiary Kazchrome awarded international Environmental Product Declaration for high-carbon ferrochrome production A subsidiary of Luxembourg-based Eurasian Resources Group (ERG), Transnational Company Kazchrome Joint Stock Company (Kazchrome), has been awarded an international Environmental Product Declaration (EPD) for its high-carbon ferrochrome, marking a significant milestone in the company’s sustainability and transparency efforts. Kazchrome, one of the world’s largest ferroalloy producers, is headquartered in Kazakhstan and plays a key role in the global supply of chromium-based alloys used in stainless steel manufacturing. High-carbon ferrochrome is a critical ferroalloy used primarily in stainless… Read More Here

India’s Vedanta Set to Demerge into Five Public Companies to Reduce Debt and Unlock Value India-based Vedanta Limited will break up into five separately listed companies early next month, as part of a multi-year restructuring program designed to reduce debt and unlock shareholder value. The demerger plan, approved by a tribunal in December, will see Vedanta operate as the holding company for its base metals business, while four other entities Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy will be separately listed. Anil Agarwal told the… Read More Here