Freeport cuts workforce at Grasberg as coronavirus cases in area rise
Company did not say how many workers at the mine, which normally employs about 25,000 people, would be kept on to run the operation.
Latest Stories
Ecuador to resume mining activities
Smaller mines in the south of the country have already started moving ore and concentrate to port.
South Africa’s Impala closes platinum mine due to coronavirus cases
Implats identified 19 positive cases of covid-19 during the week, all of them asymptomatic.
Mexican miner Peñoles to suspend zinc mine due to tough conditions, low prices
Peñoles said in a statement that it has begun laying off unionized workers in the unit.
China’s Chifeng Jilong restarts gold production at Laos mine after 6 yrs
The restart of gold production at the mine comes after gold prices hit a seven-year high last month.
Researchers say market manipulation is destroying traditional safe havens
Experts at the University of Sussex say irregular trades are the reason why gold and bitcoin prices are not surging during the covid-19 pandemic.
Novo restarts exploration at Egina, shares up
The company has identified another gold-bearing channel in an area southwest of the Paradise prospect.
Eskom considers delaying closure of three coal-fired plants
The company, which produces almost all of South Africa’s power, wants to push back the closure of the Grootvlei, Camden and Hendrina power plants.
INTERVIEW: Jed Richardson CEO, Trigon Metals
Trigon Metals is a TSXV-listed, Toronto-based junior focused on African copper in high quality jurisdictions.