R/€ = 20.59 Change: -0.54
R/$ = 18.99 Change: -0.52
Au 1616.40 $/oz Change: 24.26
Pt 720.50 $/oz Change: -4.38


Chilean copper miners 'considering production cuts' - industry association

By: Reuters     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,... 

Palladium One obtains another project in Finland

By: Creamer Media Reporter      3rd April 2020 Vancouver-headquartered Palladium One Mining has received approval from the Finnish Mining Authority for a 20 000-ha reservation, Kostonjarvi (KS), which is adjacent to its flagship Läntinen Koillismaa (LK) project in central Finland. The KS reservation covers a large buried gravity and magnetic... 

Nevada Copper closes balance sheet strengthening transactions

By: Tasneem Bulbulia     31st March 2020 TSX-listed copper producer Nevada Copper, which owns Pumpkin Hollow in Nevada, US, has closed several previously announced balance sheet strengthening transactions, including amendments to its senior credit facility with KfW IPEX-Bank and amendments to the metals purchase and sales agreement with... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Aurania and others place Ecuador projects on hold

By: Mariaan Webb     20th March 2020 Canadian exploration company Aurania Resources has extracted its personnel from the field in Ecuador in response to the outbreak of Covid-19, which has already infected more than 150 people in that country and killed two. The Ecuador government has moved to limit the spread of coronavirus... 

Rio halts Kennecott following earthquake

By: Esmarie Iannucci     19th March 2020 Mining major Rio Tinto has temporarily suspended operations at its Kennecott copper/gold/silver mine, in Utah, following a 5.7 magnitude earthquake. The company has reported that all employees had been accounted for evacuated from potential risk areas, while initial assessments have identified... 

Codelco to cut operations as coronavirus spreads

By: Reuters     19th March 2020 Chilean copper miner Codelco said on Wednesday it would reduce its operations to comply with a state of catastrophe announced by the government in a bid to curb the spread of coronavirus. The miner, the world's biggest of the precious red metal, said it would maintain "operational continuity"... 

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... 

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... 

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