Concession

CPKC announces departure of Executive Vice President and Chief Transformation Officer

Retrieved on: 
Wednesday, March 20, 2024
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CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.

Key Points: 
  • CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.
  • "On behalf of the Board of Directors and the CPKC family I would like to thank John for his contributions and impactful leadership," said CPKC President and Chief Executive Officer Keith Creel.
  • Mr. Orr was appointed Executive Vice President and Chief Transformation Officer of CPKC on April 14, 2023.
  • Prior to this role, he served as Executive Vice President Operations for Kansas City Southern from 2021 through 2023.

Sale of Working Interests in Zarghun South and Nareli Block

Retrieved on: 
Thursday, February 1, 2024
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Further, Jura anticipates significant near-term cash calls related to both the Zarghun South and Nareli assets for which funding is not readily available.

Key Points: 
  • Further, Jura anticipates significant near-term cash calls related to both the Zarghun South and Nareli assets for which funding is not readily available.
  • Spud has a 40% Working Interest in the Zarghun South Lease under the November 30, 1994 Bolan Petroleum Concession Agreement.
  • The impact of the Zarghun South Assignment on Jura will be as follows: the current production at Zarghun South is approximately 3 million cubic feet per day (1.2 MMcf/d net to Spud).
  • 3068-9 dated October 13, 2021 (the “Nareli License”) and the Nareli Petroleum Concession Agreement dated October 13, 2021 executed with the GoP (the “Nareli PCA”) as well as a joint operating agreement (the “Nareli JOA”, and together with the Nareli License and the Nareli PCA, the “Nareli Concession Documents”).

Cerro de Pasco Resources receives Green Light on Land Easement Application Process for Quiulacocha Tailings

Retrieved on: 
Thursday, January 11, 2024
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Guy Goulet, CEO of Cerro De Pasco Resources, “Our perseverance and meticulous adherence to process has finally paid off.

Key Points: 
  • Guy Goulet, CEO of Cerro De Pasco Resources, “Our perseverance and meticulous adherence to process has finally paid off.
  • The Easement will enable the Company to perform confirmatory exploration via a 40-hole sonic drilling program.
  • The Quiulacocha Tailings Storage Facility covers approximately 115 hectares and is estimated to hold approximately 75 million tonnes of tailings deposited from the 1920s to 1990s, with tailings deposited in the Quiulacocha Tailings Storage Facility from the early 1920´s to 1992.
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.

First Quantum Comments on Developments in Panama

Retrieved on: 
Friday, December 1, 2023
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TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama’s ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine. Minera Panamá S.A. (“MPSA”), a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications. With these developments, the Company is suspending its production guidance for Cobre Panama for the current year.

Key Points: 
  • TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama’s ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine.
  • Minera Panamá S.A. (“MPSA”), a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications.
  • With these developments, the Company is suspending its production guidance for Cobre Panama for the current year.
  • Further information about Cobre Panama:
    For the past 25 years, MPSA has developed and operated the Cobre Panama mine.

First Quantum Provides Update on Cobre Panama Operations

Retrieved on: 
Monday, November 20, 2023
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TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panamá S.A. (“MPSA”), has further ramped down operations at Cobre Panama to one remaining ore processing train. Without shipments arriving at the mine’s Punta Rincón port, it expects to run out of supplies for the on-site power plant during the week commencing November 20, 2023.

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today announced that its subsidiary, Minera Panamá S.A. (“MPSA”), has further ramped down operations at Cobre Panama to one remaining ore processing train.
  • The safety and well-being of the Cobre Panama workforce, of which approximately 90% are Panamanian and have been trained and developed by First Quantum, is the Company’s priority.
  • Further information about Cobre Panama:
    For the past 25 years, MPSA has developed and operated the Cobre Panama mine.
  • Cobre Panama has also developed substantial community outreach and environmental mitigation programs, both during the construction phase of the mine and since commercial operations commenced in September 2019.

Cerro de Pasco Resources closes first tranche of $1.8M equity financing, provides update on Land Easement Application Process for Quiulacocha Tailings

Retrieved on: 
Monday, November 20, 2023
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MONTRÉAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) has closed a first Tranche of its previously announced non-brokered private placement, for total aggregate gross proceeds of $ 1,772,000 (the "Offering").

Key Points: 
  • Having confirmed AMSAC’s rejection of a voluntary land easement, DGM endorsed the initiation of a Legal (or “Forced”) Easement process.
  • The process recognizes that CDPR owns an irrevocable and indefinite right to explore and exploit the El Metalurgista concession, covering the Quiulacocha Tailings.
  • The Quiulacocha tailings deposit (4,300 masl) covers approximately 115 hectares with tailings deposited in the Quiulacocha Tailings Storage Facility (TSF) from the early 1920´s to 1992.
  • The tailings stored in the TSF, comprised of processing residues, come from the Cerro de Pasco open pit and underground mine.

Redfin Reports More Than One-Third of Home Sellers Are Giving Concessions to Buyers

Retrieved on: 
Tuesday, November 14, 2023
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This is according to data submitted by Redfin buyers’ agents across the country, going back through 2020.

Key Points: 
  • This is according to data submitted by Redfin buyers’ agents across the country, going back through 2020.
  • A concession is recorded when an agent reports a seller provided something that helped reduce the buyers’ total cost of purchasing the home.
  • Boston sellers only provided concessions in 11.1% of home sales, the lowest share of the metros in Redfin’s analysis.
  • Sellers there gave concessions to buyers in 63.3% of home sales during the three months ending Oct. 31, up 25.2 percentage points from a year earlier.

Masdar Advances 10GW Africa Growth Plan to Unlock Energy Transition in Six Sub-Saharan Nations

Retrieved on: 
Thursday, December 7, 2023
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DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.

Key Points: 
  • DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.
  • These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to its population.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Masdar's growth plans will help unlock Africa's clean energy potential and further advance its energy transition.
  • Masdar's commitment aims to mobilize a total of US$10 billion in investments to deliver 10GW of clean energy capacity in Africa by 2030.

Masdar Advances 10GW Africa Growth Plan to Unlock Energy Transition in Six Sub-Saharan Nations

Retrieved on: 
Thursday, December 7, 2023
Ministry, Concession, G2G, Watt, Carbon, PGE, Roadmap, Research, Water, COP28, Investment, Mineral Resources Limited, Congo, Geothermal Development Company, ZESCO, PJSC, Mining, Africa50, Wind, Memorandum of understanding, Republic, Infinity Power Chutes, Partnership, McKinsey & Company, Electricity, IRH, Initiative, Renewable energy, Energy, Masdar

DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.

Key Points: 
  • DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE's clean energy leader, in support of the clean energy transition across the continent.
  • These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to its population.
  • Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Masdar's growth plans will help unlock Africa's clean energy potential and further advance its energy transition.
  • Masdar's commitment aims to mobilize a total of US$10 billion in investments to deliver 10GW of clean energy capacity in Africa by 2030.

CPKC statement on Mexican Federal Government draft decree on passenger service

Retrieved on: 
Friday, November 17, 2023
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CALGARY, BC, Nov. 17, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today issued the following statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government:

Key Points: 
  • CALGARY, BC, Nov. 17, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today issued the following statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government:
    CPKC is reviewing the draft decree and remains directly engaged with the Mexican Federal Government regarding potential passenger rail service on certain existing freight rail corridors.
  • The draft decree, which is expected to become effective by November 20, 2023, also identifies the San Luis Potosí-Monterrey-Laredo corridor for the proposed passenger rail service.
  • As required by our concession, CPKC de México will work closely with the Mexican Federal Government to evaluate passenger service on that corridor.
  • The draft decree emphasizes that the public freight rail service will be respected and as such, we do not expect an adverse impact on our concession.