International - Copperbelt Katanga Mining

Panama’s President Asserts Control Over Copper Mine Ahead of Restart Talks 1

PANAMA CITY – President Jose Raul Mulino has taken a firm nationalist stance on the future of Panama’s shuttered copper mine, declaring that the asset belongs to the country and any potential reopening will occur under Panamanian terms. Speaking at a weekly press briefing on Thursday, Mulino confirmed that his administration and First Quantum Minerals — the mine’s operator — have begun initial contact to lay the groundwork for formal negotiations. “That mine belongs to Panama, no one else,” Mulino stated. “If the decision is to restart operations, Panama will… Read More Here

International Mining safety

Peru’s Antamina Copper Mine Begins Gradual Restart After Fatal Accident

April 25, 2025April 25, 2025 Constance

This is a developing story. Updates will follow as more information becomes available. LIMA – Peru’s Antamina copper mine has begun a gradual restart of operations, following a tragic incident earlier this week that left one employee dead and another injured, according to a source close to the company. The mine, located in the Ancash region and jointly owned by Glencore, BHP, Teck Resources, and Mitsubishi, is one of the largest copper producers in Peru. Operations were suspended on Tuesday after an accident occurred at the Yanacancha camp, a key… Read More Here

International Battery Metals New Mining Projects

Trump Administration Fast-Tracks 10 Strategic Mining Projects to Boost U.S. Critical Mineral Supply

April 25, 2025April 25, 2025 Constance

The Trump administration has fast-tracked ten mining projects across the United States in a major push to increase domestic production of critical minerals and reduce dependence on foreign supply chains. The selected projects—covering copper, lithium, gold, potash, coal, bromine, and phosphate—involve major industry players such as Rio Tinto, Hecla Mining, Albemarle, Warrior Met Coal, and Perpetua Resources. These initiatives form the first wave under President Trump’s executive order aimed at strengthening American mineral independence. Projects approved for expedited federal permitting include: Rio Tinto’s Resolution Copper project in Arizona Perpetua Resources’… Read More Here

International Corporate News Mining technology Technology & Innovation

Sandvik Secures Record BEV Order for South32’s Hermosa Mine in Arizona

April 25, 2025April 25, 2025 Constance

Swedish engineering giant Sandvik has landed its largest-ever order for battery-electric vehicles (BEVs), with ASX- and JSE-listed South32 selecting the company to supply a fleet of underground mining equipment for its Hermosa critical minerals project in Arizona, USA. The order, valued at approximately SEK 750 million, was confirmed in the second quarter of 2025 and includes a combination of battery-electric and conventional underground mining machines. Deliveries will begin in Q4 2026 and extend through 2030, with the majority of equipment scheduled to arrive in 2026 and 2027. “We’re proud that… Read More Here

International Copper Corporate News

FQM Reports Q1 Loss Amid Cobre Panamá Shutdown and Weaker Copper Sales

April 25, 2025April 25, 2025 Constance

TSX-listed First Quantum Minerals has posted a net loss of $23 million, or $0.03 per share, for the quarter ending March 31, despite achieving an adjusted profit of $2 million. The results reflect ongoing challenges from lower sales volumes, continued costs at the idled Cobre Panamá mine, increased financing and tax expenses, and foreign exchange impacts. The company recorded a gross profit of $331 million and EBITDA of $377 million in Q1. However, the monthly expenditure of approximately $13 million at the suspended Cobre Panamá mine continues to weigh on… Read More Here

International Copper Corporate News Gold

Barrick Gold Sells Assets and Pivots to Copper as Bullion Prices Soar

April 25, 2025April 25, 2025 Constance

Barrick Gold, one of the world’s leading gold producers, is seizing the opportunity presented by record-high gold prices to streamline its portfolio and pivot more aggressively toward copper mining. On Tuesday, the company announced the sale of its 50% stake in the Donlin gold project in Alaska to billionaire investor John Paulson and Novagold Resources for $1 billion—well above Toronto-Dominion Bank’s estimated $600 million valuation. This move is part of a broader strategy to divest non-core assets while gold prices remain elevated. Barrick has also hinted at additional asset sales,… Read More Here

International Mining safety

Antamina Suspends Operations After Fatal Accident at Yanacancha Camp

April 25, 2025April 25, 2025 Constance

Antamina, Peru’s largest copper and zinc mining operation, has temporarily shut down all activities after a tragic accident at its Yanacancha camp in Huari, Ancash, led to the death of a senior manager and left another employee injured. In an official statement, the Antamina Mining Company said:“This is a difficult time for all of us at Compañía Minera Antamina. We regret to inform you that, due to an accident, Mr. Edwin Colque Calisaya, our Senior Operations Manager, has passed away. Another colleague from the same division, Mr. Yorhinio León Robles,… Read More Here

International Economy

Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps

April 23, 2025April 23, 2025 Constance

Zimbabwe’s latest currency, the ZiG, is heading toward failure—not through rapid devaluation, but through increasing irrelevance, according to Imara Asset Management, the country’s oldest independent brokerage. Unlike previous currency collapses driven by hyperinflation, the ZiG’s struggle stems from policy missteps and a severe liquidity crunch now entering its sixth month, Bloomberg reports. Introduced in 2024 as Zimbabwe’s sixth attempt in 15 years to stabilize its currency, the ZiG is backed by 2.5 tons of gold and $100 million in foreign currency reserves held by the central bank. Despite these efforts,… Read More Here

International Partnership

Nigeria and South Africa Forge Strategic Mining Partnership to Boost Sector Development

April 23, 2025April 23, 2025 Constance

Nigeria and South Africa have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the mining sector, focusing on investment, knowledge sharing, and technology transfer between the two nations. The agreement was formalized in Abuja by Nigeria’s Minister of Solid Minerals Development, Dele Alake, and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe. The MoU outlines collaboration in key areas such as geological mapping using drones, the sharing of mineral data, and joint exploration of agro and energy minerals in Nigeria. Minister Alake emphasized that the partnership… Read More Here

Gold International

Ghana Orders Foreigners to Exit Local Gold Trade by April 30

April 17, 2025April 17, 2025 Constance

Ghana has ordered all foreign nationals to exit its local gold trading market by April 30, as part of a broader effort to streamline gold purchases from small-scale miners, boost national earnings, and curb smuggling. Africa’s top gold producer is moving away from a system where both local and foreign companies with export licenses could purchase and export gold from artisanal and small-scale miners. Under the new framework, only the newly established Ghana Gold Market Authority—known as GoldBod—will be authorized to buy, sell, assay, and export artisanal gold. According to… Read More Here