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First Quantum jumps 5% on Panama plans for mine environmental audit

Published: 03 Jul 24

Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama mine to decide whether it can safely reopen. Panama's government ordered the closure of the Cobre Panama mine, one of the newest and biggest copper mines in the world, in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional.

111 employees, 1 130 contractor employees impacted by Sibanye gold operation restructuring

Published: 02 Jul 24

Multinational mining and metals processing group Sibanye-Stillwater has reported that 111 employees and 1 130 contractor employees have been retrenched as a result of the restructuring of its South African gold operations. Sibanye has concluded consultations with stakeholders in terms of Section 189A of the Labour Relations Act.

Fireblade Aviation prepares for growth in private aviation

Published: 02 Jul 24

Private aviation company Fireblade Aviation has positioned each of its divisions to grow as international demand for aviation resources increases, particularly private aviation over the past three to four years. "We are seeing an upward trend in international travellers, including from Asia and the Middle East in addition to growth in travellers from the US and Europe," Fireblade Aviation MD Leigh Kretzschmar said during a tour of its OR Tambo International Airport-based facilities on July 2.