April 27, 2020 Zijin axes expected gold output after losing PNG mine It plans to speed up the construction of the Longnan Zijin project in China and look into acquisitions to offset the loss of Porgera.
April 26, 2020 China’s Yunnan launches 800,000 T metals stockpiling drive The funds will be used to cover interests on bank loans taken out for the one-year stockpiling drive, which will include copper, aluminium, lead, zinc, tin, among others.
April 24, 2020 Miners will weather the covid-19 storm — report Resilience and better financial positions built over past years will shield miners, Fitch says.
April 24, 2020 Rio Tinto boosts budget for Citadel copper project Rio will spend A$9.2 million ($5.9m) on exploration at the project, a joint venture with junior Antipa Minerals.
April 24, 2020 Freeport ramps up cost-cut measures, shares rise Company, whose shares climbed over 6% in NYSE, announced a $1.3 billion cut to its 2020 estimated operating costs.
April 24, 2020 Falcon Gold to consolidate lands on Central Canada Belt The Vancouver-based company signed a deal to acquire two large patented claim blocks in Ontario.
April 23, 2020 Major miners braced to weather coronavirus, but cash-poor minnows in peril Gold miners are well placed to weather the downturn, but those in energy and battery materials will struggle.
April 23, 2020 MMG copper output sinks on Peru force majeure Production declined 20% in Q1 due mainly to disruptions at its Las Bambas mine in Peru.
April 23, 2020 Anglo American to cut capex, costs due to coronavirus impact Anglo's exposure to South Africa, which accounts for about half of its profits, has forced the company to cut spending and reduce costs.
April 22, 2020 Pandemic puts China metals supply chain in jeopardy China boosted copper imports in March, but still faces challenges as key suppliers are cutting output.
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