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Resources a key part to recovery - Minister

By: Esmarie Iannucci     1st April 2020 Federal Resources Minister Keith Pitt said that the federal and state and territory governments were working to ensure that critical resources projects kept operating during the Covid-19 pandemic. “The Australian resources sector is a key part of the Australian economy. The commodities... 

OceanaGold's South Carolina mine remains open

By: Esmarie Iannucci     1st April 2020 The Haile gold mine, in South Carolina, continues to operate despite an announcement by state government that all non-essential business shut down for a period of 14 days, dual-listed gold miner OceanaGold said on Wednesday. The company noted that under state guidelines, the status of the Haile... 

Rio halts potline at NZ smelter

By: Esmarie Iannucci     31st March 2020 Major Rio Tinto will close one of its four potlines at Tiwai Point aluminium smelter, in New Zealand, as part of measures to combat Covid-19. CEO and GM of the New Zealand’s Aluminium Smelter, in which Rio holds a 79.36% interest, Stewart Hamilton said that the company had worked hard to... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Bolivia's largest mine suspends operations as virus controls tighten

By: Reuters     27th March 2020 Bolivia's San Cristóbal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its operator Minera San Cristóbal said in a statement on Friday. The company, a wholly-owned subsidiary of Japana's Sumitomo... 

AngloGold to conserve cash amid Covid-19 spread

By: Tasneem Bulbulia     27th March 2020 Gold miner AngloGold Ashanti is implementing cash conservation measures, including focused capital prioritisation and reducing non-essential spending across the business, and is well positioned to weather the current market uncertainty. At the end of 2019, the company had $463-million of cash,... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Exxaro applies to continue supplying coal to Eskom

By: Marleny Arnoldi     27th March 2020 JSE-listed coal miner Exxaro Resources has started implementing its Crisis Management Plan and Business Continuity Plan across the breadth of its business, which includes health and safety controls and preventive measures to curb the spread of Covid-19. This while the company motivated to the... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Gold to remain relevant, says WGC

By: Tasneem Bulbulia     26th March 2020 With the rapidly evolving COIVD-19 situation globally, market development organisation the World Gold Council (WGC) CEO David Tait indicated that Like most asset classes, gold has been affected by widespread, rapid-fire asset sales and a dash for cash, says World Gold Council (WGC) CEO David Tait. 

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