🇨🇦🤝🇵🇦⁉️ Cobre Panama mine ready to suspend arbitration against Panama

First Quantum's shuttered Cobre Panama mine has instructed its lawyers to start work to suspend arbitration against Panama, the company said in an internal memo on Friday.

On Thursday, Panama's President said his government will allow the export of 120,000 metric tons of copper concentrate that has been stuck in the shuttered mine for over two years and also allow restart of the power plant used to run the mine.

Later, the country's commerce ministry said any negotiations with the miner could only happen if the arbitration case against Panama was dropped.

"We have instructed our lawyers to meet with the government's legal team to work on suspending the arbitrations ... leading to a solution that benefits workers, communities, suppliers and all Panamanians," Manuel Aizpurua, manager of Cobre Panama said in a memo viewed by Reuters.

First Quantum confirmed the authenticity of the memo.

https://www.msn.com/en-ca/news/world/cobre-panama-mine-ready-to-suspend-arbitration-against-panama/ar-AA1AWmaR

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🥇📈🚀GOLD spot hit a new All Time High at $3036/oz!

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🥇📈🚀GOLD Futures at COMEX hit a new All Time High over $3045/oz for the first time ever!

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🇸🇾📊☪️🇮🇷✝️ — 📰 ZeroHedge | Visualizing Syria's Sectarian Divides | March 16, 2025:

"Syria’s Interim President Ahmad al-Sharaa signed off on a constitutional declaration for a five-year-long transitional period on Thursday, hoping to centralize power in order to unify the country. Al-Sharaa is the former leader of Hayat Tahrir al-Sham (HTS), a Sunni Islamist political organization and former insurgent group that spearheaded the lightning offensive that overthrew Bashar al-Assad on December 8. The constitution pledges freedom of speech, rights for women and media freedom and states that any calls for “division and separatism, requests for foreign intervention or reliance on foreign powers are criminalized.”

Al-Sharaa faces the challenges of a country that has been deeply divided along ethnic and regional lines through a bitter 14-year civil war, with many still wary of the intentions of new leadership. While he has made some headway in cooperation in the past week, having signed a pact to integrate the autonomous institutions of the Kurdish-led Syrian Democratic Forces (SDF) in the north and north east of the country into the government, the declaration for the new short-term constitution has also been rejected by the Kurdish-led Syrian Democratic Council, who state that more needs to be done to protect the rights of diverse communities.

As Statista's Anna Fleck shows in the chart below, large swathes of the country are still governed by different sects, with each region home to different concentrations of ethnic groups."

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🇺🇸 An update on U.S. aircraft carriers

• 3x deployed: Truman in Red Sea, Vinson in WESTPAC, Washington forward in Japan

• 4x active/available: Ford completing COMPTUEX in the Atlantic, Lincoln & Roosevelt in San Diego, Nimitz in Bremerton

• 1x sea trials: Bush in the Atlantic

• 3x maintenance: Reagan in Puget Sound, Ike in Norfolk, Stennis in Newport News

🔗 Ian Ellis

🇾🇪❌🇺🇸❗️ — Iranian-backed Houthi* group to Reuters:

We are now officially at war with the United States and have no intention of scaling back their military actions in the Red Sea.

* — (designated as a terror organization in the U.S.)

📈 The Kobeissi Letter on X:

The bull market in gold has been truly historic:

Gold has added ~$5.0 trillion in market value over the 12 months and is now worth a record $20.1 trillion.

Over the last 6 years, gold's market cap has risen by nearly $12 trillion, or 148%.

In 2025 alone, gold prices have risen ~12% and marked multiple new all time highs.

Furthermore, the gold to CPI ratio has hit a record 9.2x.

This exceeds previous peaks of 8.4x and 8.1x posted in 1980 and 2011.

Gold is making history.

🔗 The Kobeissi Letter

🇺🇸📞🇷🇺 — The phone call between U.S. President Donald J. Trump and Russian President Vladimir Vladimirovich Putin has ended after over 2 hours, with US President Trump expected to issue a statement on their conversation soon.

🇷🇺📞🇺🇦🇺🇸 — Kremlin to Russian State media:

President Putin informed Trump that on March 19, a 175-for-175 prisoner exchange would take place between the Russian and Ukrainian sides.