https://www.miningweekly.com

Ecuador and Peru tighten reins amid Covid outbreak

24th March 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Titan Minerals has warned that Covid-19 would impact its operations in Ecuador and Peru.

Titan’s 91%-held subsidiary Core Gold is temporarily suspending operations at the Dynasty Goldfield mine, in Ecuador, as government decrees regarding gatherings, travel and transport within the country would affect the company’s ability to operate the mine.

Core Gold will maintain a workforce at Dynasty to conduct care-and-maintenance activities, and special projects in order to minimise the impacts of the temporary shutdown.

The subsidiary would also conduct a workforce and working capital review in the coming weeks.

Meanwhile, Titan on Tuesday said that while the state of national emergency declared in Peru would not affect operations at its Vista gold project, the company that provides custom stripping services to remove gold from the loaded carbon produced at the Vista gold plant would not be exempt from restrictions, and would be closed until the end of March.

Titan said that the inability to process loaded carbon to recover gold would have a temporary but adverse impact on the company’s cashflow until gold stripping operations restarted in Peru, on April 1.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.073s - 110pq - 2rq
Subscribe Now