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Reuters

Chilean copper miners 'considering production cuts' - industry association

3rd April 2020 Copper miners in Chile are considering cutting production amid strict measures to contain the spread of the new coronavirus, an association of companies in the sector has told Reuters. A report by the National Mining Society (Sonami), which represents all miners of the red metal across Chile,... 

Rusal, Glencore agree aluminium deal worth up to $16.3bn

3rd April 2020 Russia's Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3-billion, it said in a Hong-Kong regulatory statement on Friday. Swiss trader and metals producer Glencore has long been one of the main clients of Hong Kong-listed Rusal, the world's largest... 

Brazil mining regulator orders closure of 25 Vale dams

3rd April 2020 Brazil's National Mining Agency (ANM) said on Thursday that it would halt operations at 47 mining dams that failed to certify their stability, including at least 25 belonging to the world's largest iron-ore producer Vale. The safety of Vale's facilities have been under heavy scrutiny after one... 

Indonesia nickel miners urge end to export ban to cushion coronavirus impact

2nd April 2020 Indonesia should allow exports of nickel ore to help offset the impact of the fall in exports of processed nickel caused by the coronavirus outbreak, the Indonesian nickel miners' association (APNI) said in a document seen by Reuters. Indonesia, once the world's biggest nickel ore exporter,... 

Chilean State copper miner Codelco confirms fifth case of coronavirus among workers

1st April 2020 Chile's State-owned Codelco, the world's largest copper producer, said on Wednesday that a fifth worker has been confirmed as having contracted coronavirus, at its Ministro Hales mine. The diagnosis of the contract worker was confirmed in the central coastal city of La Serena on his final rest... 

Worker at Russia's Nornickel vessel tested positive for coronavirus

1st April 2020 Russian nickel and palladium producer Norilsk Nickel said on Tuesday that a mechanic at one of its vessels tested positive for the coronavirus. Nornickel's Arctic port of Dudinka and Nornickel's production assets, located near the city of Norilsk of the Krasnoyarsk region, remain unaffected, the... 

Subsistence miners lose out as coronavirus crushes local gold prices

1st April 2020 Informal gold miners from South America to Africa are selling gold at almost 40% discounts as measures to curb the coronavirus crimp supply routes and dry up funding. Border restrictions and flight cancellations have created gold gluts in local markets, depressing prices for small-scale miners... 

Miner South32 files request for arbitration in Colombia royalty dispute

1st April 2020 Mining company South32 has filed a request for arbitration at the World Bank over a dispute with Colombia concerning royalty payments from its majority-owned Cerro Matoso ferronickel mine, the company confirmed on Tuesday. In February the Andean country's comptroller opened an investigation... 

Vale says resumption of lost capacity could be slowed

31st March 2020 Brazilian mining company Vale said on Tuesday it was at risk of postponing the resumption of lost production capacity due to possible coronavirus-related delays in inspections, assessments and authorizations but that existing output so far had seen little impact. The risks, representing a fresh... 

South Africa lockdown squeezes global chrome supply

31st March 2020 Samancor Chrome, one of the world's biggest ferrochrome producers, has declared force majeure because of South Africa's 21-day coronavirus lockdown, removing further supply from global chrome markets. South Africa ordered all underground mines and furnaces be put on care and maintenance status... 

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