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Panama's top court approves two new probes against ex-president Martinelli

[Reuters] – Panama’s Supreme Court on Wednesday approved two new investigations against ex-president Ricardo Martinelli, adding to a growing list of corruption probes targeting the former president. In one of the new cases, Panama’s stock market regulator asked for an investigation into whether Martinelli, through the brokerage firm Financial Pacific, was insider trading on shares of Canadian miner Petaquilla. The other investigation is related to an existing case, alleging that

Newmont's Indonesian copper export permit will not be renewed – govt officials

[Reuters] – Newmont Mining Corp’s Indonesian copper export permit, which expired on Tuesday, will not be renewed as the U.S. miner has failed to meet government stipulations for developing a domestic smelter, government officials said. Newmont, Indonesia’s second-largest copper miner, has to renew the permit every six months following an agreement with the government a year ago to develop local mineral processing facilities. “Newmont proposed an export permit extension and