First Quantum mine shutdown piles pressure on Panama’s rating, Fitch says
The shutdown of a major First Quantum mine in Panama has reinforced downward pressure on the country’s ‘BBB-‘ rating and its deficit forecast, Fitch Ratings said on Friday, warning of slower near-term growth prospects and government weaknesses.
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Panama mine shutdown threatens copper’s surplus
Mining News Pro - A plan to close a major mine in Panama is threatening to upend the global copper market by whipsawing the industry back into a period of tighter supply.
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Newcrest reports lower quarterly gold output on maintenance shutdowns
Mining News Pro - Newcrest Mining, which is in the final stages of a takeover by global gold mining giant Newmont Corp, on Tuesday posted an 18.1% sequential fall in quarterly gold production, hurt by maintenance shutdowns during the quarter.
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Newcrest reports lower quarterly gold output on maintenance shutdowns
Mining News Pro - Newcrest Mining, which is in the final stages of a takeover by global gold mining giant Newmont Corp, on Tuesday posted an 18.1% sequential fall in quarterly gold production, hurt by maintenance shutdowns during the quarter.
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Newcrest reports lower quarterly gold output on maintenance shutdowns
Mining News Pro - Newcrest Mining, which is in the final stages of a takeover by global gold mining giant Newmont Corp, on Tuesday posted an 18.1% sequential fall in quarterly gold production, hurt by maintenance shutdowns during the quarter.
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Peru communities to allow Las Bambas copper mine restart after 51-day shutdown
Mining News Pro - A group of indigenous Peruvian communities on Thursday agreed to temporarily lift a protest against MMG Ltd’s Las Bambas copper mine that forced the company to halt operations for more than 50 days, the longest in the mine’s history.
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Fifth of Peru copper mining goes offline with more shutdowns likely
Mining News Pro - Sky-high metal prices and accelerating general inflation are fueling another up-tick in resource nationalism and social unrest in Peru, among the top suppliers of copper, zinc and silver.
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Peru communities resolute on mine shutdowns despite government shift
Mining News Pro - Communities in Peru’s Ayacucho region say they will resume protests against the mining sector if the government of leftist President Pedro Castillo breaches what they call a signed agreement to shutter mines, local leaders told Reuters.
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Syama processing circuit shutdown postponed to next year
Mining News Pro - Resolute Mining has deferred the planned 36-day shutdown of the sulphide processing circuit at Syama, Mali, from October to February.
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Barrick second-quarter gold output falls 5.4% on maintenance shutdowns
Mining News Pro - Barrick Gold said on Thursday second-quarter gold production fell 5.4% from the previous quarter, dented by planned maintenance shutdowns at Nevada Gold Mine, in the US, and Pueblo Viejo, in the Dominican Republic.
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Barrick Q2 gold output falls 5.4% on maintenance shutdowns
Mining News Pro - Barrick Gold Corp, said on Thursday second-quarter gold production fell 5.4% from the previous quarter, dented by planned maintenance shutdowns at Nevada Gold Mine in the United States and Pueblo Viejo in the Dominican Republic.
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Eskom moves to finalise just energy transition framework as shutdown of Grootvlei
Mining News Pro - Eskom expects to complete its socioeconomic impact studies by the end of March for the planned shutdown of the Grootvlei, Komati and Hendrina power stations, in Mpumalanga, which are the first of ten coal plants scheduled for decommissioning by 2040.
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Evolution overcomes Cowal shutdown to drive production
Mining News Pro - Evolution Mining is tracking ahead of its 2021 financial year plan, with production totalling 170,021 ounces during the September quarter across its Australian and Canadian operations.
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Premier Gold Mines reports positive results following covid-19 shutdown
Mining News Pro - Premier Gold Mines announced that since restarting operations in June at its Mercedes operation in Mexico, the mine is generating positive cash flow under its revised production plan.
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Mining services face shutdowns amid Victoria’s stage 4 restrictions
Mining News Pro - Mining services based in metropolitan Melbourne will be forced to shut down after the state government announced stage 4 restrictions to stop the spread of COVID-19.
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Uranium surges 31% amid shutdowns to become year’s top commodity
Mining News Pro - While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing.
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The global airline shutdown has a surprise victim: gold miners
Mining News Pro - The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.
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Mexico`s large miners can withstand impact of coronavirus 3-month shutdown
Mining News Pro - Mexican mining companies Grupo Mexico, Industrias Penoles and Fresnillo can withstand the impact of a shutdown of up to three months because they have sufficient "financial flexibility," S&P Global Ratings said on Thursday.
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Impact of SA’s Covid-19 shutdown on platinum uncertain as supply slumps with demand
Mining News Pro - South Africa’s platinum mines have been idled for the past three weeks as the country rides out a national lockdown to curb an anticipated surge in Covid-19 cases across the country.
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Cameco extends uranium shutdown, withdraws outlook
Mining News Pro - Uranium mining major Cameco (TSX: CCO; NYSE: CCJ) is extending the temporary production suspension at its Cigar Lake mine in northern Saskatchewan as the effects of the global covid-19 pandemic persist, the company announced on Monday.
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Cameco extends uranium shutdown, withdraws outlook
Mining News Pro - Uranium mining major Cameco is extending the temporary production suspension at its Cigar Lake mine in northern Saskatchewan as the effects of the global covid-19 pandemic persist, the company announced on Monday.
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World’s deepest mines to take weeks to reopen after shutdown
Mining News Pro - When South Africa shut down its mining industry to contain the coronavirus, more than 450,000 workers were sent home in 24 hours. Getting them back will take much longer for the nation’s gold and platinum miners.
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Lynas Malaysia plant shutdown extended
Mining News Pro - The Malaysian Government has extended its movement control order to combat the coronavirus, causing Lynas Malaysia to prolong the temporary suspension of its production plant.
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Despite shutdowns, there’s enough gold refining to meet demand
Mining News Pro - The London Bullion Market Association (LBMA) said on Friday there was more than enough gold refining capacity in the world to meet demand and that refiners, shippers and banks were working to make sure metal could be transported.
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South Africa’s miners scramble to prepare for three week shutdown
Mining News Pro - South Africa’s mining operators are racing against time to prepare for a nationwide shutdown of operations starting at midnight on March 26 and running until midnight Thursday April 16 as the government tries to slow the spread of the COVID-19 virus.
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