First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles

First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances.

Iron ore futures retreat amid weak China data

Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on investor sentiment.

US claims huge chunk of seabed amid strategic push for resources

Mining News Pro - The US extended its claims on the ocean floor by an area twice the size of California, securing rights to potentially resource-rich seabeds at a time when Washington is ramping up efforts to safeguard supplies of minerals key to future technologies.

First Quantum committed to Panama amid mine dispute

Mining News Pro - First Quantum Minerals Ltd. says it remains committed to Panama and its flagship mine, even as the company follows orders from the government to indefinitely shutter the $10 billion operation.

The eighteenth visit to Midhco's projects was held this year

Mining News Pro - The 18th visit to Midco's projects was held this year with the presence of Ali Asghar Pourmand, CEO of this holding.

EU and US delay key trade meeting amid deadlock in negotiations

Mining News Pro - A trade meeting between the US and European Union due to take place next month is expected to slip to early next year as the two allies remain deadlocked in talks about steel and critical minerals.

Panama copper mine is winding down amid blockade, union says

Mining News Pro - First Quantum Minerals Ltd. is winding down operations at its Panama copper mine as a blockade of boats restricts key supplies to the site, according to a union leader.

First Quantum plans maintenance for Panama copper mine amid protests

Mining News Pro - Canada’s First Quantum Minerals will carry out maintenance at its Panama mine from Nov. 23 due to coal supplies being blocked by protestors opposing the government’s contract with one of the world’s biggest and newest copper mines, two sources familiar with the discussions said on Monday.

The ninteenth visit to Midhco's projects was held this year

Mining News Pro - The 19th visit to Midhco's projects was held this year with the presence of Ali Asghar Pourmand, CEO of this holding.

First Quantum cuts back on ore processing amid port blockades

Mining News Pro - First Quantum Minerals said on Monday it had reduced ore processing at its mine in Panama as protests against the project were causing blockades at a port.

Ganfeng indefinitely postpones Mexican lithium target date amid gov’t spat

Mining News Pro - A recent government push to cancel Ganfeng Lithium’s concessions has forced the Chinese company to indefinitely postpone its target to start mining the battery metal in Mexico, a company executive told Reuters.

China’s Ganfeng indefinitely postpones Mexican lithium target date amid gov’t spat

Mining News Pro - A recent government push to cancel Ganfeng Lithium’s concessions has forced the Chinese company to indefinitely postpone its target to start mining the battery metal in Mexico, a company executive told Reuters.

Freeport-McMoRan to slow expansions amid inflation, weak copper prices

Mining News Pro - Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy.

Global markets brace for more volatility amid Israel conflict

Mining News Pro - Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates.

Mixed fortunes for Russian metal at mid-point of aluminum mating season

Mining News Pro - Midway through the aluminum market’s so-called mating season of end-users and sellers locking in supply deals, Russian metal is experiencing mixed fortunes, with some European industrial companies avoiding it for 2024.

Hancock inches towards blocking stake in Liontown amid Albemarle bid

Mining News Pro - Australian billionaire Gina Rinehart’s Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by US-based Albemarle for Liontown.

Argentina mining exports to near $4.5bn in 2023 amid lithium boom

Mining News Pro - Argentina’s mining exports will reach around $4.5 billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector’s main business chamber told Reuters late Thursday

The 209th meeting of Midhco’s production was held

Mining News Pro - The 209th production meeting of Midhco Holding was held with the aim of reviewing the production reports and legal affairs of companies under the Midhco group.

The sixteenth visit to Midhco's projects was held this year

Mining News Pro - The 16th visit to Midhco's projects was held this year with the presence of Ali Asghar Pourmand, CEO of this holding.

Panama lawmakers to visit First Quantum mine amid contract debate

Mining News Pro - Some Panamanian members of congress will visit First Quantum’s copper mine next week, as a vote looms on a contract which would guarantee the Central American government annual income of $375 million, a lawmaker said on Wednesday.

Harmony Gold weighs CEO succession amid tilt to copper

Mining News Pro - Harmony Gold Mining boss Peter Steenkamp plans to retire at the end of next year as South Africa’s biggest gold producer by volume seeks new growth opportunities mining copper.

Vale to start building Middle East ‘mega hubs’ in 2024

Mining News Pro - Brazilian miner Vale said on Tuesday it expects to start building “mega hubs” in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one becoming operational in 2027.

The twelfth visit to Midco's projects was held this year

Mining News Pro - The twelfth visit of Midco company's projects in the current year was conducted by Ali Asghar Pourmand, CEO of Midco, on Shahrivar 6 and 7.

Indonesia’s nickel prices surge amid probe into mining approvals

Mining News Pro - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

The thirteenth visit to Midco's projects was held this year

Mining News Pro - The thirteenth visit of Midco company's projects in the current year was conducted by Ali Asghar Pourmand, CEO of Midhco.

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