First Quantum Takes Small Steps in Long Road to Panama Mine Restart
First Quantum Minerals Ltd. is receiving some encouraging signs for its shuttered mine in Panama, though the nation's president warned there's a long way to go before reaching a deal to restart.
The Canadian company has begun preparations to ship out 120,000 metric tons of semi-processed copper stranded since the mine shut in late 2023, according to people with knowledge of the matter.
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FLSmidth signs agreement to divest its Cement business to become a pure-play supplier of technology and services to the mining industry
COMPANY ANNOUNCEMENT NO. 10-2025 FLSmidth & Co. A/S20 June 2025 Copenhagen, Denmark Today, FLSmidth announces that it has entered into an agreement to divest its Cement business to an affiliate of Pacific Avenue Capital Partners, a global private equity firm focused on carve-outs and other complex transactions, for a total initial consideration of EUR 75 million, corresponding to approximately DKK 550 million (Enterprise Value), plus a conditional deferred cash consideration of up to EUR 75 million, corresponding to approximately DKK 550 million. In early 2023, FLSmidth embarked on a strategic journey with the announcement of new pure-play strategies for its Mining and Cement businesses (ref. Company Announcement no. 2-2023). Since then, FLSmidth has simplified and rightsized both businesses to further strengthen their respective market positions, with a strategic focus on the core technologies and services required in the mining and cement industries. This has resulted in a significantly improved and more stable commercial and financial performance for both businesses. On 29 January 2024 (ref. Company Announcement no. 1-2024), FLSmidth announced its intention to explore the available divestment options for its Cement business, with the objectives of enabling the Cement business to maximise its full potential as well as to further strengthen our Mining business' market-leading position as a full flowsheet technology and service provider to the global mining industry. Chair of the Board of Directors of FLSmidth, Mads Nipper, comments: 'I am incredibly proud of what our Cement business has achieved in its more than 140-year long history with FLSmidth. We firmly believe that this divestment represents a pivotal step in unlocking the full potential for both our Mining and Cement businesses. Our Cement business is now well positioned for future success, with the flexibility to pursue its strategic ambitions and create exciting new opportunities for its employees to innovate and grow.' CEO of FLSmidth, Mikko Keto, comments: 'The divestment allows us to sharpen our focus on our core Mining business, positioning FLSmidth as a pure-play leader in the mining industry. With a clear and focused Mining strategy, we are confident that we are well positioned to drive long-term value for our customers, shareholders and other stakeholders and enhance our competitive position.' Jason Leach, Partner and Investment Committee Member at Pacific Avenue Capital Partners, comments: 'We are excited to acquire FLSmidth Cement, a global leader providing mission critical equipment and aftermarket solutions in the cement sector. The business has a rich history and strong brands including Fuller, Pfister, and Ventomatic. We believe that cement will continue to play a crucial role in global economic development, and that FLSmidth Cement's product innovation will play an important role in the decarbonisation of the industry'. Chris Sznewajs, Founder and Managing Partner, at Pacific Avenue Capital Partners, comments: 'We are honoured to be the trusted partner for FLSmidth on this highly complex transaction. We strive to be the buyer of choice for corporate sellers, with the ability to seamlessly complete cross-border transactions. The Cement division is an excellent fit within our portfolio given our focus on acquiring market leading companies. We are impressed with the Company's ability to deliver innovative, mission-critical solutions to its longstanding customers, and look forward to providing the necessary resources to support continued growth and value creation in partnership with management.' The transaction includes all related employees, assets, intellectual property and technology. Certain legacy contracts and the Air Pollution Control (APC) asset will be retained by FLSmidth with immaterial impact on the continuing Mining business. The transaction is expected to close during the second half 2025, subject to customary closing conditions, including regulatory approval from the relevant implications and outlookThe net cash proceeds from the divestment are subject to final adjustments, debt-like items and transaction costs. It is expected that after these adjustments the result is a limited net cash gain from the transaction. Further, the transaction includes a deferred cash consideration of up to EUR 75 million, or approximately DKK 550 million, which is conditional upon the achievement of certain undisclosed objectives. As a consequence of the transaction, FLSmidth Cement will be classified as held-for-sale and discontinued operations in the Q2 2025 Interim Financial Report. As a result of the transaction, a fair value adjustment of asset and liabilities will result in an impairment charge of approximately DKK 700 million with no cash impact, which will be accounted for in the profit/(loss) from discontinued operations in the Q2 2025 Interim Financial Report. FLSmidth's financial guidance for the full year 2025 does not include discontinued operations and will thus be adjusted to only reflect the financial outlook for the Mining business. The financial guidance for the full year 2025 for the Mining business is unchanged (ref. Company Announcement no. 8-2025). FLSmidth thus expects revenue for the full year 2025 of DKK ~15.0 billion and an Adjusted EBITA margin in the range of 14.0% to 14.5%. The Adjusted EBITA margin excludes transformation and separation costs of around DKK 200m for the full year 2025. In addition, and as a consequence of the transaction, the long-term financial target for FLSmidth Cement of an EBITA margin of ~8% for the full year 2026 is withdrawn. The long-term financial target for the Mining business of an EBITA margin of 13-15% for the full year 2026 remains unchanged (ref. Company Announcement no. 2-2023). Further impact of the transactions will be communicated in connection with the release of FLSmidth's Q2 2025 Interim Financial Report on 20 August 2025. Until closing of the transactions, FLSmidth Cement will continue to execute on its GREEN'26 strategy. Further, during the period to closing of the transactions and for a limited time thereafter, FLSmidth will continue to provide support and services to FLSmidth call On 20 June 2025 at 13.30 CEST, Mr. Mikko Keto (CEO) and Mr. Roland M. Andersen (CFO) will host a conference call to comment on this announcement. The presentation will be followed by a short Q&A session. The presentation will be held in English. The presentation can be followed live or as a replay here. If you wish to ask questions or just listen to the presentation via telephone, please register here. After registration, you will receive phone numbers, pin codes and a calendar invite. Please note that you will receive two codes (a pass code and a PIN code), both of which are needed when dialling into the webcast. The presentation slides will be made available shortly after the conference call has ended at Investors RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ MediaJannick Denholt, +45 21 69 66 57, jli@ FLSmidth FLSmidth is a full flowsheet technology and service supplier to the global mining industry. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining industry and aim to become carbon neutral in our own operations by 2030. Pacific Avenue Capital Partners Pacific Avenue Capital Partners is a Los Angeles-headquartered private equity firm focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than USD 2.1 billion Assets Under Management (AUM) as of 31 March 2025. For more information, please visit Attachment FLSmidth Company Announcement no. 10-2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Safety Innovations and Sustainability Drive Explosives Market Growth Amid Regulations
The global explosives market, valued at USD 47.7 billion in 2025, is projected to grow at a CAGR of 8.7% to reach USD 100.7 billion by 2034. Driven by demand in mining, construction, and defense, the market faces challenges from stringent regulations. Key trends include green explosives, AI integration, and automation to enhance efficiency and safety. Explosives Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Explosives Market Outlook 2025-2034" has been added to offering. The global explosives market is projected to expand from USD 47.7 billion in 2025, achieving a CAGR of 8.7%, and reaching USD 100.7 billion by 2034. This growth is driven by heightened demand across mining, construction, and defense sectors. As essential components in blasting operations for extracting minerals, constructing infrastructure, and executing military tasks, explosives command a pivotal role in these industries. The mining sector, bolstered by increased demand for minerals and metals, significantly propels the market. Large-scale infrastructure projects also necessitate controlled blasting solutions, further enhancing market growth. Meanwhile, defense and military applications stand as crucial contributors, with government investments focusing on advanced explosives for combat, training, and strategic defense purposes. However, the industry contends with stringent regulations on explosives production, transport, and handling, posing challenges to market players. Yet, technological advancements, including electronic detonators and safer explosive formulations, are driving efficiency and safety improvements. With stakeholder emphasis on sustainability, the market is witnessing a shift towards environmentally friendly alternatives. Recent developments in 2024 emphasize safety enhancements, regulatory compliance, and sustainable alternatives. The mining industry remains a major consumer, with innovations in bulk emulsions and electronic initiation systems improving blasting precision and reducing environmental impact. In defense, research into next-generation explosive materials with enhanced stability and controlled detonation properties is gaining momentum. Key players confront increased compliance demands from stricter global regulations on explosives handling, particularly in high-risk areas. Automation and digital technologies, such as real-time blast monitoring and predictive analytics, are optimizing explosive usage and enhancing site safety. Furthermore, mergers and acquisitions are remapping industry competition, with companies dedicating resources to R&D to create more effective, environmentally sustainable solutions. Looking ahead, the explosives market anticipates broader adoption of green explosives and advanced detonation systems. The transition to safer, less toxic formulations, including bio-based explosives and reduced-emission blasting solutions, is gaining traction. Moreover, innovations in smart explosives with precision targeting and minimized collateral damage continue to allure the defense sector. In mining and construction, autonomous drilling and blasting technologies are poised to amplify efficiency, curbing human exposure to hazardous environments. AI and machine learning are refining blast analysis and optimization, curbing costs, and reducing environmental impact. Rising geopolitical tensions may spur defense spending, elevating demand for military-grade explosives. As safety, sustainability, and efficiency stay at the forefront, industry advancements in chemical formulations, digital monitoring, and automation-driven systems are set to sustain the evolution of explosives technology. Key Insights Explosives Market Adoption of Green Explosives: Regulatory-driven development of eco-friendly explosives is gaining traction. Advancements in Electronic Detonation: Enhancements in precision, safety, and efficiency. AI Integration: Optimization of blast planning and efficiency. Automation: Safety and efficiency boosts in drilling and blasting operations. Military-Grade Smart Explosives: Enhanced accuracy and minimized collateral damage. Rising Demand in Mining & Infrastructure: Increased consumption for industrial applications. Technological Blasting Advancements: Enhanced compliance and efficiency. Defense & Security Investments: Growth in budgets for advanced explosives. Regulatory Frameworks: Stricter regulations prompting safer solutions. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $47.7 Billion Forecasted Market Value (USD) by 2034 $100.7 Billion Compound Annual Growth Rate 8.6% Regions Covered Global Companies Featured Orica Limited AECI Limited Incitec Pivot Ltd. Hanwha Corporation ENAEX S.A. Austin Powder Company Omnia Group China Poly Group Corporation Chemring Group Maxamcorp Holding S.L. Premier Explosives Ltd Solar Industries India Ltd Keltech Energies Ltd Gocl Corporation Ltd Kayaku Japan Co. Ltd Ysk Inc Dyno Nobel Johnson Hi-Tech (Australia) Pty Ltd Ui Energy Corporation Jun Poong Industrial Co. Ltd Anhui Jiangnan Chemical Co. Ltd Cbi Explosives Industry Group Hse Explosives Orica UK Ltd Ces Advanced Composites UK Ltd Conjay Collectors Ammunition Company Ltd Maxam - Mining Technology Societe Suisse Des Explosifs Sse Group Biazzi Sa Azottech Ao Nmp Spark Nitro Sibir Hunting PLC Geodynamics Accurate Energetic Systems Llc Maine Drilling And Blasting Dynaenergetics US Inc Exsa Sa Austin International Keltec Energies Economic Explosives Ibp Co Noble Explochem Detotec North America Inc. Modern Chemicals and Services Company Drill And Blast Eurenco Sa Nof Corp Ael Mining Services Ltd./ Aeci Group Sasol Limited Bme (Bulk Mining Explosive) Titanobel Explosives Market Segmentation By Type HMX PETN RDX Dynamite ANFO Other Types By Application Mining Quarrying Construction Other Applications By Pyrotechnics Application Consumer Proximate Other Pyrotechnics Applications By Geography North America Europe Asia-Pacific The Middle East and Africa South and Central America For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Explosives Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Lifezone Metals Publishes its 2024 Sustainability Report
Committed to Responsible Mining Practices and Advancing Cleaner Hydromet Technology NEW YORK, June 20, 2025--(BUSINESS WIRE)--Lifezone Metals Limited's (NYSE: LZM) Chief Executive Officer, Chris Showalter, and Head of Sustainability, Catherine Nichas, announce today the publication of Lifezone's Sustainability Report for the year ended December 31, 2024. Lifezone is the operator of the Kabanga Nickel Project in Tanzania and is advancing cleaner battery metals production through the application of its Hydromet Technology. The report outlines Lifezone's comprehensive approach to environmental stewardship, social responsibility, safety and governance (ESG), and highlights the Company's progress in embedding sustainability across its global operations. Highlights: Environmental Progress: Meaningful progress on uplifting the Environmental and Social Impact Assessments to international standards; transitioned the Kabanga Nickel Project to grid power, reducing diesel consumption by over 75%; initiated land rehabilitation and biodiversity restoration programs. Social Impact: Completed 96% of cash compensation payments, totaling $10.5 million, to Project Affected Households; recorded over 2.2 million hours worked without lost time injury at the Kabanga Site; conducted over 430 stakeholder engagements in Tanzania and continued with ongoing Corporate Social Responsibility initiatives focused on local education and healthcare initiatives. Governance and Transparency: Continued integrating sustainability oversight at the Board level; aligned internal reporting with Sustainability Accounting Standards Board standards; progressed towards being International Finance Corporation aligned; completed first Human Rights Due Diligence assessment and initiated Life Cycle Assessments for key projects. Mr. Showalter commented: "This report marks an important milestone for Lifezone. It reflects our commitment to transparency, responsible growth, and delivering long-term value to our stakeholders – while minimizing our environmental footprint and maximizing our positive social impact. We are especially proud of the 2.2 million hours worked without a lost time injury at Kabanga – a testament to our culture of safety and operational excellence." Ms. Nichas added: "Sustainability is not a side initiative – it is central to how we operate. This report provides a strong foundation for future disclosures as we continue to scale our operations and deliver meaningful, measurable outcomes for our stakeholders." The full 2024 Sustainability Report is available on Lifezone's website. If you would like to sign up for Lifezone Metals news alerts, please register here. Social Media LinkedIn | X | YouTube About Lifezone Metals Lifezone Metals (NYSE: LZM) is committed to delivering cleaner and more responsible metals production and recycling. Through the application of our Hydromet Technology, we offer the potential for lower energy consumption, lower emissions and lower cost metals production compared to traditional smelting. Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade undeveloped nickel sulfide deposits. By pairing it with our Hydromet Technology, we are working to unlock a new source of nickel, copper and cobalt for the global battery metals markets and to empower Tanzania to achieve in-country beneficiation. Through our US-based recycling partnership, we are working towards applying our Hydromet Technology to the recovery of platinum, palladium and rhodium from responsibly sourced spent automotive catalytic converters. Our process is expected to be cleaner and more efficient than conventional smelting and refining methods, supporting a circular economy for precious metals. Forward-Looking Statements Certain statements made herein are not historical facts but may be considered "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, intentions and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements may be accompanied by words such as "believes," "estimates," "expects," "predicts," "projects," "forecasts," "may," "might," "will," "could," "should," "would," "seeks," "plans," "scheduled," "possible," "continue," "potential," "anticipates" or "intends" "or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals' hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Nickel Project, our approach to environmental stewardship, social responsibility, safety and governance (ESG), and other statements that are not historical facts. These statements are based on the current expectations of Lifezone Metals' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals' business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to economic and operational disruptions; global inflation and cost increases for materials and services; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals' business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone's ability to achieve projections and anticipate uncertainties (including economic or geopolitical uncertainties) relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, future operating results, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline and market size; events relating to environmental issues, social responsibility, safety and/or governance matters, expectations regarding product and technology development and pipeline; future acquisitions, partnerships, or other relationships with third parties; maintaining key strategic relationships with partners and customers; the timing and significance of contractual relationships; the effects of competition on Lifezone Metals' business; the ability of Lifezone Metals to execute its growth strategy, the development and processing of the mineral resources at the Kabanga Nickel Project;; manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals' business; Lifezone Metals' ability to continue to comply with applicable listing standards of the NYSE; the ability of Lifezone Metals to maintain the listing of its securities on a U.S. national securities exchange; our ability to comply with applicable laws and regulations; stay abreast of accounting standards, or modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC) meeting future liquidity requirements and complying with restrictive covenants related to long-term indebtedness; and dealing effectively with litigation, complaints, and/or adverse publicity.. The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals' expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals' assessments to change. These forward-looking statements should not be relied upon as representing Lifezone Metals' assessments as of any date subsequent to the date of this communication. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results. Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication. View source version on Contacts Sustainability Catherine NichasHead of Investor Relations – North America Evan YoungSVP: Investor Relations & Capital Investor Relations – Europe Ingo HofmaierChief Financial 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
