Fasken Martineau: the best mining law firm in the world?
“We are extremely proud to onc...
Fasken Martineau has been awarded Global Mining Law Firm of the Year for 2016 by Who’s Who Legal for the eighth time.
“We are extremely proud to once again be named Global Mining Law Firm of the Year. This win showcases the comprehensive range of legal services the Global Mining Group provides our clients globally and we are pleased to share this award with them,” said partner John Turner, Practice Group Leader for Fasken Martineau’s Global Mining Group.
Providing mining and business law expertise with over 150 years of experience, Fasken Martineau’s Global Mining Group has earned a formidable reputation in the industry, manoeuvering the dynamics and cycles of international mining, structuring transactions to promote cross-border efficiencies, reducing clients’ exposure to commercial, regulatory and political risk and facilitating financings.
Fasken Martineau’s Global Mining Group is a go-to practice for complex mining matters involving multiple legal disciplines and jurisdictions. With extensive experience and resources available in Canada, Africa, Europe and Latin America, they oversee the international dimensions that characterise many mining industry transactions.
Who’s Who Legal is a strategic research partner of the American Bar Association’s Section of International Law. Who’s Who Legal’s 2016 award winners are selected based upon a comprehensive, independent survey with both general counsel and private practice lawyers worldwide. Only firms and practitioners who have met independent international research criteria are considered.
Fasken Martineau has more than 700 lawyers, the firm has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal, Québec City, London and Johannesburg. For additional information, please visit the firm’s website at www.fasken.com.
Read the April 2016 issue of Mining Global magazine
Copper production from top ten companies to increase by 3.8%
Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt).
The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest copper producers succeeded in increasing output last year. In 2021, copper production from the top ten copper companies is expected to bounce back, rising by up to 3.8%, to reach 12.2Mt, according to GlobalData, a leading data and analytics company.
The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August 2020, it delivered record production levels during the subsequent months.
Codelco, the world’s largest producer of the red metal used in electric vehicles, also bucked the trend.
Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Despite Codelco reporting over 3,400 active cases during July 2020, the company achieved 1.2% growth in its production in 2020. The company implemented a four-phase plan, as part of the COVID-19 measures, to ensure the health and safety of its employees, while also avoiding any significant impact to its copper output.”
Although the overall impact was minimal, declines in production were observed from Glencore (8.2%), Antofagasta (4.7%), BHP (3.9%) and Freeport McMoRan (1.3%). Reduced operational workforces due to COVID-19 measures, lower ore grades and production halts due to maintenance were the key disruptors to output during 2020.
The move towards electric vehicles and clean energy from renewables sources such as solar panels and wind turbines has driven the copper price to all-time highs. Copper has been among the best performers over the last month where metals ranging from aluminum to iron ore have surged to their highest prices in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the global pandemic.