Aluminum and Copper

Mining News Pro - 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.

Mining News Pro - Global copper production in 2020 is impacted by the covid-19 outbreak, with data analytics firm GlobalData now forecasting output growth of 1.9% this year compared to the original forecast growth rate of 3.4%.

Mining News Pro - Miner and commodities trader Glencore has deferred making a decision on whether to go ahead with the proposed 2020 cash distribution as risks associated with a global recession and massive demand shock loom.

Mining News Pro - Ero Copper has not experienced any disruption to its operations, supply chains or sales channels as a result of the covid-19 pandemic, the Brazil-focused base metals miner stated in a corporate update on Tuesday.

Mining News Pro - Nevada Copper, which owns Pumpkin Hollow in Nevada, in the 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 an affiliate of Triple Flag Precious Metals (TFPM).

Mining News Pro - Copper miners are poised for their worst quarter since 2008 after the coronavirus pandemic fueled demand fears for industrial metals and forced companies to curb mining operations.

Mining News Pro - NICICO’s revenue from product sales in March 2020 was $157.4m which grew by 34.53% compared with the same period last year.

Mining News Pro - The Esperanza camp, which is part of the San Carlos Panantza mining complex in Ecuador, was intentionally set on fire and destroyed this weekend, according to information made public by the Ministry of Energy and Natural Non-Renewable Resources.

Mining News Pro - Global miner BHP Group launched an $8-million plan focused on helping mitigate the spread of COVID-19 in Chile.

Mining News Pro - Chile’s Codelco, the world’s second-largest copper miner, has fallen further behind BHP (ASX: BHP) in the top producers of the metal’s rank, after reporting that its output for 2019 had fallen by 5.3% to 1.588 million tonnes.

Mining News Pro - Copper Fox Metals has released an updated resource for its wholly owned Van Dyke project in the Globe-Miami mining district after completing a re-assay program last year to update its geologic model.

Mining News Pro - The ongoing covid-19 pandemic has created “significant operating and financial challenges” for Sprott Resource Holdings’ primary operating asset Minera Tres Valles (MTV), the company stated in its 2019 annual report.

Mining News Pro - Freeport-McMoRan Inc said on Thursday it was in talks with the Peruvian government to conduct limited operations at its giant Cerro Verde mine after the country extended a national emergency due to the coronavirus outbreak to April 12.

Mining News Pro - Barrick Gold, the world’s second largest gold miner, has unveiled a 10-year production plan aimed at becoming the most valued bullion company.

Mining News Pro - AGQ Labs says it has been awarded three-year water control and monitoring plan contracts with MLCC Caserones and Codelco, in Chile.

Mining News Pro - Miners in Ecuador are temporarily halting all activity in the country, following the government’s urgent call to stay home.

Mining News Pro - Chile’s copper miner Codelco may not regain its position as the world’s top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures to stop the spread of the novel coronavirus add to the impact of low prices and lack of funding.

Mining News Pro - Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said.

Mining News Pro - A slide in copper demand as much of the world`s manufacturing sector is disrupted by the coronavirus outbreak is expected to fuel a surplus this year of up to a million tonnes in what was expected to be a balanced market.

Mining News Pro - Freeport-McMoRan Inc, the world’s largest publicly traded copper producer, said on Monday it will stop dividend payouts and slash costs and output due to the rapid worldwide spread of the coronavirus pandemic.

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