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Category: International

All-Female Crew Completes Planned Maintenance on Cat Truck 1 International Mining Careers 

All-Female Crew Completes Planned Maintenance on Cat Truck

Constance
More than a decade ago, Cat® dealer Ferreyros pioneered the adoption of 400-ton (365-tonne) payload trucks in the Peruvian mining industry, introducing the mechanical drive Cat 797F into its territory. In the last two years, those trucks have been joined by a second Cat truck model with a similar payload: the electric drive Cat 798 AC. Powered by an engine designed for high altitudes, the 798 AC delivers the highest power in its class at 4,150 horsepower. These 410-ton (372-tonne) haulers have been successfully producing in Antamina, Cuajone, Toquepala, Cerro… Read More Here
PANAMA LEAVES DOOR OPEN TO ELEVENTH-HOUR DEAL FOR GIANT MINE 2 International 

PANAMA LEAVES DOOR OPEN TO ELEVENTH-HOUR DEAL FOR GIANT MINE

Constance
A shock announcement by Panama to intervene in a privately run copper mine may not be as definitive as first thought. First Quantum Minerals Ltd. continues to mine the massive Cobre Panama open pit despite a government order to close commercial operations after talks for a new tax arrangement collapsed, people with knowledge of the situation said. In addition, the administration of President Laurentino Cortizo hasn’t closed the door to a resumption of talks, they said, asking not to be named discussing private information That’s a less black-and-white picture than earlier in… Read More Here
US completes $2.5 billion loan to GM and LG battery joint venture 3 Battery Metals International 

US completes $2.5 billion loan to GM and LG battery joint venture

Copperbelt Katanga News
The U.S. Department of Energy said Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new cell manufacturing facilities. lithium ion battery. The loan will help fund the construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan, supporting 6,000 construction jobs and 5,100 operations jobs at the three plants. U.S. Energy Secretary Jennifer Granholm plans to tout the Ultium loan close during a visit to Michigan on Monday with Deputy Labor… Read More Here
Shutting huge Panama copper project shows why miners worry about starting them 4 International Governance 

Shutting huge Panama copper project shows why miners worry about starting them

arnbethnic
Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market and highlights the risk of investing big in some projects. Just when the world faces a looming shortage of copper — a metal essential for the green revolution — Panama on Thursday said it will halt commercial operations at the Cobre Panamá operated by Canada’s First Quantum Minerals Ltd. It followed the breakdown of tax talks and is a rare move among Latin American countries. The mine, which is one of the world’s newest and… Read More Here
Tender for Overall project process analysis and KEP Project consultancy service at a mine in the DRC  5 Mining Supply Tenders International Mining in DRC 

Tender for Overall project process analysis and KEP Project consultancy service at a mine in the DRC 

arnbethnic
Mining Tender Notice | DRC Announcement Date: 15th December 2022Tender Description: Tender for Overall project process analysis and KEP Project consultancy service at a prominent mine in the Democratic Republic of Congo. Hurry and don’t miss out. Deadline: 21 December 2022 Click to access full tender detail Source: The African TenderPRENEUR Read More Here
Goldman says commodities will gain 43% in 2023 as supply shortages bite 6 International Copper Oil & Gas 

Goldman says commodities will gain 43% in 2023 as supply shortages bite

arnbethnic
Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs Group Inc. The Wall Street bank said that while the first quarter may be “bumpy” due to economic weakness in the US and China, scarcities of raw materials from oil to natural gas and metals will boost prices after that. Goldman predicted a multi-year commodities supercycle in late 2020. It has stuck to that view even as energy prices dipped in recent months due to China’s coronavirus restrictions… Read More Here
Cobre workers International Environment Social Governance (ESG) 

First Quantum Minerals ordered to suspend operations at Cobre Panama copper mine

Copperbelt Katanga News
Cobre Panama mine is First Quantum Minerals’ largest copper operation. (Image courtesy of Cobre Panama.) Panama’s government ordered Canada’s First Quantum Minerals on Thursday to pause operations at its flagship copper mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine. The government had given Minera Panama, which is majority-owned by First Quantum Minerals, until Wednesday to sign an agreement reached in January to pay $375 million a year to the government from its Cobre Panama mine. Panama’s… Read More Here
FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ 7 International Environment Social Governance (ESG) Press Release 

FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ

Johannsen
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) issues the following statement today on the status of its negotiations with the Government of Panamá on a framework governing the operation of the Cobre Panamá mine by its subsidiary Minera Panamá, S.A. (“MPSA”). The Government of Panamá and MPSA were unable to reach an agreement by the December 14 deadline imposed by the government. The economic package MPSA has proposed would make Cobre Panamá one of the highest payers of royalties and taxes amongst the large copper producing… Read More Here
Exploitation of strategic raw materials at the center of discussion between Félix Tshisekedi and Joe Biden 8 International Mining in DRC 

Exploitation of strategic raw materials at the center of discussion between Félix Tshisekedi and Joe Biden

Constance
The President of the DRC, Félix Antoine Tshisekedi Tshilombo, was received on Wednesday December 14, 2022 by the President of the United States of America, Joe Biden, at the White House. The Congolese Head of State had a brief bilateral meeting with his American counterpart in the Oval Office of the White House, followed by a multilateral meeting alongside 5 other African Presidents and President Joe Biden.  The topics discussed during these meetings were: politics, diplomacy, security, trade and investment. President Felix Tshisekedi spoke about the electoral process in the… Read More Here
Panama’s Chamber of Commerce worried about government negotiations with First Quantum Minerals 9 International 

Panama’s Chamber of Commerce worried about government negotiations with First Quantum Minerals

Johannsen
Three days prior to the December 14 deadline for Canada’s First Quantum Minerals (TSX: FM) to ink a contract with the Panamanian government that would allow the company to keep running its Cobre Panamá copper mine, the country’s Chamber of Commerce issued a statement criticizing the way authorities have handled the deal. In the communiqué, the Chamber’s president Marcela Galindo De Obarrio expressed concern about the “erratic turn” the negotiations have taken.  According to Galindo De Obarrio, the government’s latest actions and requests have elicited more questions than answers regarding the future… Read More Here

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