Recent Developments in Maputo and the Mining Sector

The article presents updates on Maputo’s city hall and highlights key news in the mining sector, including First Quantum’s arbitration withdrawal and Freeport-McMoRan’s revised gold sales forecast.

The article discusses recent developments related to city hall in Maputo, Mozambique while also highlighting major news in the mining industry. Specifically, it mentions First Quantum’s withdrawal from arbitration concerning the Cobre Panama mine, which has been inactive for over a year, reflecting the potential for renewed negotiations with the nation. Furthermore, Freeport-McMoRan has adjusted its first-quarter gold sales forecast, anticipating a reduction of approximately 100,000 ounces compared to earlier estimates of 225,000 ounces for gold sales.

In summary, the article covers significant news regarding city hall in Maputo and important shifts in the mining sector, notably First Quantum’s strategic decision regarding the Cobre Panama mine and Freeport-McMoRan’s lowered gold sales expectations. These developments indicate possible future negotiations and adjustments within the industry.

Original Source: www.mining.com