IGF says the pandemic will have longer- term consequences on employment in the large-scale mining sector as a result of impacts on local suppliers and community economic activities, mining capex forecasts and current investments.
Temporary suspensions of mines caused by the covid-19 pandemic, along with the advancement of Indonesia’s export ban are expected to be the significant contributors to this decline.
BHP says Chinese coal customers have made deferment requests; Newcrest approves Cadia’s expansion; Newmont CEO not interested in returning to Rio Tinto.