Gold trading hasn’t been this boring since the pandemic began
Mining News Pro - Gold markets haven’t been this calm since the onset of the Covid-19 pandemic, thanks to a deadlock between buyers and sellers that’s showing no signs of breaking.
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Visit: 197
Commodities to veer between China hopes, pandemic fears
Mining News Pro - If 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the recovery from the coronavirus pandemic remains the dominant theme.
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Visit: 513
Copper logjam in Chinese ports shows lingering pandemic snarls
Mining News Pro - A copper logjam in Chinese ports is showing signs of easing but remains at more than triple pre-pandemic levels.
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Visit: 728
Newmont cuts guidance on pandemic hit
Mining News Pro - Newmont the world’s top gold producer, cut its annual production target by 500,000 ounces on Thursday, citing a hit from the pandemic as well as operational issues, after its quarterly adjusted profit missed market estimates.
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Visit: 682
Newmont’s Yanacocha sulfides project delayed by pandemic
Mining News Pro - Newmont Mining Corp’s Yanacocha sulfides project to expand gold production in Peru has been delayed and will only be developed “at the pace the pandemic allows,” CEO Tom Palmer said on Wednesday at an industry conference.
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Visit: 481
WA commodities enable post-pandemic expansion
Mining News Pro - The Chamber of Commerce and Industry Western Australia (CCIWA) has recognised commodities as the saviour of the state’s economy, after the pandemic took its toll in 2020.
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Visit: 803
Yancoal to ‘wash harder’ as pandemic lingers
Mining News Pro - Yancoal has implemented a new strategy to maximise its coal product value, while playing catch up in the second half of 2021, following rain delays and ongoing COVID-19 disruptions.
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Visit: 434
Codelco reports bumper year for profits despite pandemic
Mining News Pro - Chile`s Codelco, the world´s top copper producer, reported pre-tax profits of $2.078-billion in 2020 and said it had upped output from its own mines by 2% to 1.618-million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.
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Visit: 729
Codelco reports bumper year for profits despite pandemic
Mining News Pro - Codelco, the world’s top copper producer, reported pre-tax profits of $2.078 billion in 2020 and said it had upped output from its own mines by 2% to 1.618 million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.
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Visit: 746
Diamonds forecast to regain pre-pandemic sparkle in 2022 to 2024
Mining News Pro - Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted.
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Visit: 625
Canadian miners show resilience amid pandemic
Mining News Pro - Canadian miners thrived in the last quarter of last year as the global industry began bouncing back from the pandemic-induced shutdown, EY’s latest Canadian Mining Eye index shows.
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Visit: 626
Pandemic hit Yamana Gold 2020 production
Mining News Pro - Canada’s Yamana Gold has reported 2020 production slightly below its revised guidance of 915,000 gold equivalent ounces as covid-19 restrictions imposed in Argentina towards the end of the year impacted its Cerro Moro gold-silver mine.
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Visit: 655
Copper surges as fears build for post-pandemic shortage
Mining News Pro - Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost.
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Visit: 1028
Africa needs to cultivate cluster of ‘real catalytic investors’ in response to pandemic
Mining News Pro - Africa needs to cultivate a cluster of “real catalytic investors to mount strong, build-back better resilient mining investment” in response to the global Covid-19 pandemic, says Africa investor Hubert Danso.
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Visit: 603
Peru’s miners look to interim president for post-pandemic stability
Mining News Pro - Mine industry officials in Peru are looking to interim President Manuel Merino to assure stability ahead of elections in April as the world’s No. 2 copper producer seeks to bounce back from its worst economic crisis in a century.
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Visit: 1001
Geoscientist under-employment falls amid pandemic
Mining News Pro - Continued activity in Australia’s exploration sector has helped keep geoscientist employment relatively stable during the September quarter.
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Visit: 646
Geoscientist under-employment falls amid pandemic
Mining News Pro - Continued activity in Australia’s exploration sector has helped keep geoscientist employment relatively stable during the September quarter.
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Visit: 614
Pandemic impacts on mining employment
Mining News Pro - The impacts of covid-19 on the mining industry are a major focus of this year’s Annual General Meeting (AGM) of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). The 16th AGM runs Tuesday – Thursday this week and is the first to take place in a virtual format.
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Visit: 756
Caterpillar bets on self-driving machines impervious to pandemics
Mining News Pro - Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector?
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Visit: 646
Yancoal streamlines operations amid pandemic
Mining News Pro - Yancoal is closely monitoring the condition of international coal markets to best assess how its business will be impacted for the remainder of the year and beyond.
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Visit: 656
Pandemic to accelerate industry automation
Mining News Pro - While the industry is currently in a recovery mode, covid-19 will have a profound long-term impact on the commodities sector by amplifying and accelerating many of the megatrends Fitch Solutions has been highlighting in recent years, according to the market analyst’s latest report.
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Visit: 698
Bolivia’s largest mine suspends operations again due to pandemic
Mining News Pro - Bolivia’s San Cristóbal mine, a huge deposit of zinc, lead and silver, has suspended operations for a second time due to the coronavirus outbreak, it said on Monday, as covid-19 infections continued to spread in the landlocked South American nation.
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Visit: 689
How a pandemic upended the global diamond industry
Mining News Pro - As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming.
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Visit: 1134
Peru unrest flares as pandemic second wave hits
Mining News Pro - Angry residents in Peru’s Andean and Amazon regions have attacked three mining and oil sector firms in the last week, two of which were forced to halt operations after deadly clashes, as a second wave of covid-19 infections hits the country.
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Visit: 626
Australia views resources resilience as core to post-pandemic recovery
Mining News Pro - The onset of the Covid-19 pandemic early in 2020 completely changed the global social and economic landscape, causing travel restrictions and physical distancing precautions in an effort to halt the spread of the virus.
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Visit: 666