First Quantum Minerals Ltd. (FQVLF)
- Reuters
Exclusive-Panama to bar First Quantum from mining copper during closure process
Panama will bar First Quantum from extracting copper during the closure of the mine it lost the rights to run last year, the country's trade minister Jorge Rivera Staff told Reuters, adding that new ways need to be found to finance the mine's shutdown. Miners around the world tend to keep mining during closure processes as they use those profits to finance shutdowns, but such a move is off the table in the case of Cobre Panama, Rivera Staff said in an interview on Thursday. The decision to strip Canada's First Quantum from its contract, which accounted for about 40% of its revenue last year, came amid nationwide protests that also led authorities to ban to all metal mining activities.
- Bloomberg
BHP’s Biggest Rivals Sit on the Sidelines of Anglo M&A Drama
(Bloomberg) -- Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American Plc will play out.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineThe World’s Hunger for Salmon Is Linked to an Ecological DisasterG-7 Eyes Plan on US-Led $50 Billion Aid Package for UkraineApple Rallies Most in 18 Months on Upbeat Forecast, Buyb
- The Canadian Press
Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,714.54, down 297.08 points): Enbridge Inc. (TSX:ENB). Energy. Down 20 cents, or 0.41 per cent, to $48.95 on 13.5 million shares. Ivanhoe Mines Ltd. (TSX:IVN). Mining. Down $1.96, or 9.51 per cent, to $18.66 on 12.3 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $9.09, or 80.02 per cent, to $20.45 on 11.3 million shares. First Quantum Minerals Ltd. (TSX:FM). Mining.
