Vale to draw $5 billion from credit lines, help suppliers
Vale said it will pay more than 1,000 suppliers before they are due to help the companies deal with the sharp fall in economic activity.
Latest Stories
Top mint ramps up silver coin output after demand surges
The Perth Mint is getting inquiries from mining companies in the U.S. and Africa to refine their gold.
South African mining braces for coronavirus lockdown
President Cyril Ramaphosa on Monday imposed a 21-day lockdown.
Eldorado scales down operations at Lamaque mine in Quebec
The move comes as the province shutters all non-essential services following a dramatic spike in the number of coronavirus cases.
Gold juniors Meguma and Osprey to merge
The deal creates a major precious metal explorer in the Canadian province of Nova Scotia.
Rutile identified as the carrier of vanadium at Eurobattery Minerals’ project
The Stockholm-based company is working towards helping Europe become self-sufficient in ethical battery minerals.
Northern Graphite secures financing on Bissett Creek project
The Ottawa-based company plans to sell a 1% gross revenue royalty to Electric Royalties.
First Quantum sees slower ramp-up at Panama mine after workers contract coronavirus
Miner maintained its production guidance for the year but said it would temporarily cut pay for certain senior staff by 20%.
Gold price surges by most in history
US Fed promised to pump "unlimited" amounts of money into the financial system, boosting the metal’s status as a store of wealth and inflation hedge.
