Metso cancels market outlook statement, provides covid-19 impact update
Company will publish a new market outlook statement in its Interim Review for January-March, scheduled to be published on May 7.
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Resolute closes Ravenswood mine sale
Resolute has also upgraded its production guidance for 2020 to 430,000 oz.
Coronavirus pushes London banks to consider additional gold storage sites
The five banks that clear gold trades are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London.
Chile copper production increased 8.3% y/y in February
Production reached 451,580 tonnes before the impact of the new coronavirus.
Petra Diamonds founder steps down
Adonis Pouroulis was the company’s founder and chairman for 23 years.
Lead’s viral resistance carries a lesson for other metals
Lead, trading in London at $1,725 per tonne, is down by just 10.1% so far this year.
Jiangxi Copper plans to lift 2020 output by 6% y/y, but warns of virus impact
Last year's net profit was Jiangxi Copper's best since 2014.
Vale says resumption of lost capacity could be slowed
Vale calculates roughly 18 million tonnes of output could be interrupted in the transoceanic market.
Canada Mining Association applauds 75% wage subsidy
Businesses and nonprofit organizations seeing a drop of at least 30% in revenue due to covid-19 will be eligible for the program.
