Tag

Copper Mine

All articles tagged with #copper mine

business6 months ago•3 min saved

Trump and Major Miners Clash Over Arizona Copper Mine Delays

U.S. President Donald Trump criticized a court decision that temporarily blocks the land transfer for the Resolution Copper mine in Arizona, a project vital for domestic copper supply and economic growth, amid legal challenges from Native American tribes and environmental groups. The project, owned by Rio Tinto and BHP, faces delays despite its potential to significantly boost U.S. copper production and meet rising global demand, especially as copper is crucial for renewable energy and technology infrastructure.

via CNBC|

#arizona #bhp #business

world6 months ago•2 min saved

All five miners confirmed dead after Chile copper mine collapse

All five miners trapped after a collapse at Chile's El Teniente copper mine have been found dead, bringing the total death toll from the incident to six, following a seismic event that caused a significant underground cave-in. The rescue effort involved over 100 people, but unfortunately, the miners could not be saved. The mine, the world's largest underground copper mine, was temporarily shut down after the accident.

via Al Jazeera|

#chile #collapse #copper-mine

world6 months ago•1 min saved

Tragic Losses and Ongoing Search at Chilean Copper Mine Collapse

A partial collapse at Chile's El Teniente copper mine resulted in the death of one miner and the ongoing search for five trapped workers, with rescue efforts hampered by the need to drill through 90 meters of rock; Chilean authorities and President Boric have pledged to continue the search.

via The Guardian|

#chile #copper-mine #mine-collapse

environment9 months ago•6 min saved

Supreme Court Allows Copper Mine on Apache Sacred Land

The U.S. Supreme Court declined to hear an Apache religious challenge to a copper mine on Oak Flat, a sacred site, allowing the project to proceed despite opposition from the Apache community who argue it violates their religious rights. The decision upholds a lower court ruling, with dissenting justices warning of broader implications for religious sites on federal land. The mine, rich in copper and economically significant, faces ongoing legal and political battles.

via Los Angeles Times|

#apache #copper-mine #environment

world9 months ago•3 min saved

Supreme Court Declines to Block Arizona Copper Mine on Sacred Apache Land

The U.S. Supreme Court rejected an appeal by Apache tribes to block a copper mining project on sacred land in Arizona, allowing the transfer of land to Resolution Copper, which plans to develop one of the world's largest copper mines, despite concerns over religious and environmental impacts.

via PBS|

#apache #arizona #copper-mine

world9 months ago•4 min saved

Supreme Court Rejects Native American Challenge to Arizona Copper Mine

The U.S. Supreme Court rejected a Native American group's attempt to block a copper mine in Arizona that would destroy a sacred site, Oak Flat, citing legal and procedural reasons, despite arguments that the project violates religious rights and tribal traditions.

via NBC News|

#copper-mine #native-american #oak-flat

business2 years ago•1 min saved

Panama Government Forces First Quantum to Cease Mining Operations

Panama's trade and industry ministry has ordered First Quantum, a Canadian mining company, to cease operations at its profitable copper mine in the country. The ministry issued a formal advisory instructing the company to halt all extraction, processing, refining, transportation, export, and sales activities at the mine. The closure of the mine, following a ruling by Panama's Supreme Court that deemed First Quantum's contract unconstitutional, could lead to a significant reduction in Panama's 2024 economic growth forecasts. The mine accounts for approximately 5% of Panama's GDP, and the company has requested government authorization to lay off over 4,000 employees.

via Reuters|

#business #copper-mine #economic-impact

business2 years ago•4 min saved

Panama's Fishing Boats and Mining Contracts: First Quantum's Troubles and Canada's Copper Concerns

A group of fishing boats has been blocking a key port in Panama for over a month, disrupting coal and essential supplies to First Quantum Minerals' copper mine and forcing the company to halt operations. The fishermen are protesting against the company's appropriation of resources, land, and water, and expressing concerns about the mine's environmental impact. Panama's top court recently declared First Quantum's contract unconstitutional, leading to the mine's orderly shutdown. The protests have wiped off billions from the company's market value and raised global copper prices. The fishermen are determined to continue their blockade until concrete steps are taken to close the mine, while the company faces the risk of potential default and threats to its liquidity.

via Reuters Canada|

#business #copper-mine #environmental-concerns

business2 years ago•0 min saved

Panama's Copper Mine Controversy Sparks Nationwide Protests

Mass protests in Panama over the potential environmental risks posed by a proposed copper mine are threatening the country's business-friendly image. Demonstrators are concerned about the potential impact on water sources and ecosystems, and are calling for the government to prioritize environmental protection over economic interests. The protests highlight the delicate balance between economic development and environmental sustainability in Panama.

via Financial Times|

#business #business-friendly-image #copper-mine

business2 years ago•3 min saved

Panama's Copper Mine Contract in Jeopardy: Protests and Bans Threaten Business Image

Panama's potential cancellation of a contract for the Cobre Panama copper mine, one of the world's largest and newest, through a referendum and proposed law has alarmed global investors and caused a significant drop in First Quantum Minerals' market value. The dispute stems from a 2017 court ruling deeming the law under which First Quantum operated the mine unconstitutional. Protesters argue that the contract is overly generous to the Canadian miner, alleging corruption and environmental risks. The fate of the contract now rests with Panama's top court, and local experts suggest that allowing the court to rule on its validity would be the best resolution to avoid potential international arbitration.

via Reuters|

#business #contract-dispute #copper-mine

protests2 years ago•1 min saved

Panama Police Clash with Protesters Over Canadian-Run Mine Contract

Police in Panama clashed with protesters who were demonstrating against a contract allowing a Canadian company, First Quantum, to continue operating Central America's largest copper mine. The protesters are concerned about potential environmental damage caused by the mine's operations. The government canceled school for the day due to fears of riots, and traffic in Panama City was disrupted. The mine generates thousands of jobs and contributes to the country's GDP, but opponents believe the new contract does not adequately address environmental concerns and are calling for its repeal.

via FRANCE 24 English|

#canadian-company #copper-mine #environmental-concerns