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Covid-19 News

Australian exports going strong, Covid-19 impact still looming

By: Esmarie Iannucci     18th March 2020 New data from the Office of the Chief Economist has shown that Australia’s resource and energy export earnings are forecast to set a record of A$299-billion in 2019-20, an increase of A$18-billion from 2018-19, while the effects of the COVID-19 virus would likely be felt by the resources sector... 

Antwerp’s city-wide shutdown postpones diamond sale

By: Creamer Media Reporter      18th March 2020 Canada’s Mountain Province Diamonds said on Tuesday that its current sale had been postponed until further notice, as a result of the city-wide closures taking effect in Antwerp, Belgium this week. The sale is the company’s third diamond sale of the year. Mountain Province cautioned that,... 

Gold Fields, Harmony Gold take steps to prevent spread of Covid-19 

By: Simone Liedtke     18th March 2020 JSE- and NYSE-listed Gold Fields has adopted a range of risk mitigation strategies amid the escalating Covid-19, commonly known as the coronavirus, pandemic in all of its operating countries. The miner on Wednesday said that while its mines have continued to operate as normal to date, the company... 

Gold Fields' Damang mine, in Ghana.
Gold Fields' Damang mine, in Ghana.

Indonesia tin miner PT Timah cuts output, delays exports on coronavirus

By: Reuters     18th March 2020 Indonesian tin miner PT Timah, the world's second-largest producer, said it is temporarily reducing its production and will delay exports as the coronavirus outbreak has impacted demand for the metal. "In the current situation, due to coronavirus outbreak, many companies are stopping production... 

De Beers diamond buyers locked out in Botswana travel ban

By: Bloomberg     17th March 2020 De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling? Botswana, where De Beers conducts its 10 sales each year, on Monday... 

Chile lithium miners take coronavirus precautions, say impact on output minimal so far

By: Bloomberg     17th March 2020 Top lithium miners in Chile, the world´s No.2 producer of the ultralight battery metal, ramped up sanitary precautions at their Atacama salt flat mining operations to protect workers from the coronavirus outbreak, but said impact on output was minimal thus far. Cases of coronavirus in Chile had... 

Newmont, Freeport and others shut Peru mines to comply with 15-day national quarantine

By: Mariaan Webb     17th March 2020 Major mining companies operating in Peru, including Newmont, Freeport-McMoRan and Anglo American, are ramping down operations to comply with the 15-days self-quarantine that President Martin Vizcarra announced on Sunday. The country, which at 13:00 local time on Monday had 89 confirmed cases of... 

Newmont's Yanacocha mine, in Peru.
Newmont's Yanacocha mine, in Peru.

Mantashe engages mining industry to consolidate Covid-19 plans  

By: Tasneem Bulbulia     17th March 2020 Mineral Resources and Energy Minister Gwede Mantashe on Tuesday met with the leadership of the Minerals Council in Johannesburg, to receive an update on the plans that have been put in place for the sector to adequately respond to the current Covid-19 pandemic. This follows the briefing by... 

Vale shuts Canada’s Voisey’s Bay mine, mulls Mozambique coal stoppage

By: Mariaan Webb     17th March 2020 Brazil’s Vale has announced that it will ramp down its Voisey’s Bay mining operation, in Canada, and place it on care and maintenance for four weeks in the face of the Covid-19 pandemic. Although none of Vale’s employees has tested positive at any of its operations, the decision is aimed at... 

The Voisey's Bay operation, in Canada.
The Voisey's Bay operation, in Canada.

Slowing demand likely to push zinc price lower this year, says Fitch Solutions

By: Marleny Arnoldi     17th March 2020 Research agency Fitch Solutions has revised its forecast for the zinc price for this year to $2 250/t, down from $2 450/t previously, as an amalgam of market forces put in motion by the Covid-19 outbreak, which has led to factory shutdowns in China and other parts of the world. The average zinc... 

Slowing demand likely to push zinc price lower this year, says Fitch Solutions

Covid-19 stalls work on Anglo’s $5.3bn Peru copper project

By: Mariaan Webb     17th March 2020 Diversified major Anglo American has withdrawn the majority of employees and contractors from its $5.3-billion Quellaveco copper project, in Peru, to comply with a 15-day national quarantine announced to curb the spread of the pandemic. The 10 000-strong construction workforce is being... 

Anglo American is withdrawing its 10 000-strong construction workforce at the Quellaveco project, in Peru.
Anglo American is withdrawing its 10 000-strong construction workforce at the Quellaveco project, in Peru.

Coronavirus could impede WA economy - Deloitte

By: Esmarie Iannucci     17th March 2020 A new report by advisory firm Deloitte has noted that the outbreak of the Coronavirus has added uncertainty to the pace of Western Australia’s economic recovery, with the state likely to be hard hit if market volatility persisted. In its latest economic outlook for Western Australia, Deloitte... 

Endeavour assures stakeholders of safety measures as employee tests positive for Covid-19

By: Tasneem Bulbulia     16th March 2020 Dual-listed Endeavour Mining says each of its operations continue to manage and respond to coronavirus (Covid-19) within the framework of the company’s incident management and response plan, which was activated at the outbreak of the virus and has been validated by an epidemiologist special... 

Miners step up precautions as Covid-19 numbers rise

By: Mariaan Webb     16th March 2020 As the number of global cases of the novel coronavirus, Covid-19, continues to increase, mining companies are implementing procedures to safeguard personnel and communities, with project delays and mining camp shutdowns having been announced. Several companies have also closed their head offices... 

Miners step up precautions as Covid-19 numbers rise

Kropz appeal hearing postponed owing to self-quarantine measures 

By: Marleny Arnoldi     16th March 2020 Aim-listed emerging phosphate producer Kropz on Monday announced that its appeal hearing before the Water Tribunal, regarding the Elandsfontein project’s integrated water-use licence, had been postponed. The appeal hearing was supposed to convene on Monday, but has been postponed owing to... 

Elandsfontein mine, in the Western Cape
Elandsfontein mine, in the Western Cape

Coronavirus precautions slow work on Oyu Tolgoi – Rio Tinto

By: Mariaan Webb     16th March 2020 Work on the Oyu Tolgoi underground project, in Mongolia, has been slowed as a result of measures put in place by Mongolia to contain the spread of Covid-19, diversified mining major Rio Tinto said on Monday. Mongolia has restricted the movement of goods and people in the country, as well as... 

Shaft 2, which is completed, at Oyu Tolgoi.
Shaft 2, which is completed, at Oyu Tolgoi.

Glencore closes London office due to coronavirus

By: Reuters     16th March 2020 Commodity group Glencore has temporarily closed down its London offices due to coronavirus, a Glencore spokesman said on Friday. The spokesman said the move came after one of the company's employees tested positive for coronavirus. 

Lundin suspends construction at Portugal zinc project, confirms Covid-19 case in Chile

By: Mariaan Webb     16th March 2020 Toronto-headquartered Lundin Mining has suspended construction and commissioning activities at the Zinc Expansion Project (ZEP) at the Neves-Corvo operation, in Portugal, to reduce the risk of its workforce and the local community contracting the novel coronavirus (Covid-19) disease. Announcing... 

The Neves-Corvo operation, in Portugal.
The Neves-Corvo operation, in Portugal.

Australian Minister meets with miners to discuss coronavirus

By: Esmarie Iannucci     12th March 2020 The Australian resources sector has held a round-table with federal Resources, Water and Northern Territory Minister Keith Pitt to discuss the ongoing ongoing impacts of the corona virus (COVID-19) outbreak and the bushfire crisis. Speaking after the round-table, Pitt said he was greatly... 

Australian Minister meets with miners to discuss coronavirus

Kinross shuts Toronto office after positive Covid-19 case

By: Mariaan Webb     12th March 2020 Gold mining company Kinross Gold has closed its Toronto office until at least next week Friday, to allow for a thorough cleaning and disinfection, after an employee tested positive for the Covid-19 virus. Kinross said on Wednesday that its employees would work from home until at least March 20,... 

Barrick draws on Ebola experience for Covid-19, bolsters inventory

By: Mariaan Webb     6th March 2020 Canada-based major Barrick Gold said on Friday that it was prepared to deal with any manifestation of the coronavirus, or Covid-19, in, or near, its mines globally. Drawing on experience gained combating Ebola outbreaks around its African operations, Barrick has increased its site-specific... 

Barrick CEO Mark Bristow
Barrick CEO Mark Bristow

Platinum supply to exceed demand by only 1.5% this year, says WPIC

By: Simone Liedtke     4th March 2020 Set against the earlier prediction of a “sizeable surplus” for 2020, the World Platinum Investment Council (WPIC) has revised its forecast for platinum supply in 2020 downward, with demand now expected to exceed supply by only 1.5%, or 119 000 oz. Total demand for this year is expected to be just... 

Platinum supply to exceed demand by only 1.5% this year, says WPIC

One of the world’s largest energy summits cancelled on virus

By: Bloomberg     1st March 2020 One of the world’s largest and most important energy industry gatherings was cancelled by organiser IHS Markit on Sunday amid mounting concerns about the coronavirus outbreak. It was due to start in Houston, US, on March 9. CERAWeek has been an annual industry fixture over more than three... 

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