mining investor
By lens · 2 takes across the edition
Reports that the SGS Panama Control Services audit delivered June 19 found Cobre Panama broadly compliant, scoring 88% across 370 commitments; shortfalls flagged in reforestation, biodiversity monitoring and water management. Panama's government is expected to issue a ruling on the full restart path post-June.
“First Quantum's Cobre Panama mine passes its audit at 88%, keeping a copper restart in play.”
Glencore completed the sale of its Kidd copper-zinc-silver mine in Timmins, Ontario to Discovery Silver for shares, a 1% NSR royalty and up to $75 million in reimbursable costs. The divestment is part of Glencore concentrating copper exposure in the DRC while shedding non-core assets.
“Glencore divested the Kidd copper mine, trimming non-core copper assets as it consolidates around its DRC operations.”