Copper price rally builds as China’s spending balloons
Copper now up 27% from covid-19 lows as China’s $700bn “new infrastructure” spending kicks into gear – 10,000 5G base stations are being built per week.
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Magnitude 6.8 earthquake hits northern Chile; copper, lithium mines unaffected
BHP and Antofagasta said there are no damage or operational problems at their sites.
Pure Gold’s 30,000m drill program underway, stock rallies
Shares of Pure Gold Mining climbed 4.7% to a near 52-week high.
Russia declares state of emergency over Nornickel’s Arctic fuel spill
Cause of the spill is likely a combination of both climate change and infrastructure-related factors.
Mexico mining output to shrink 17% in 2020
Even though mining activities have resumed, exploration would remain on hold for the time being.
German auto stimulus to boost VW’s electric push
Buyer incentives for passenger cars, including a lowering of value added tax to 16% from 19% were included as part of a 130 billion euro stimulus.
Indonesia nickel ore export ban to remain
Country will keep decision even as it relaxes exports of some other minerals, the director of minerals at ministry says.
Fossil fuel industry in “terminal decline” — report
The global market value of fossil fuels is set to collapse by almost two-thirds.
Hochschild to acquire Antelope gold project in Nevada
The British miner executed an option agreement with EMX Royalty.
