Codelco raises $800 million to face crisis
Chile’s state-owned copper miner said it received more than 320 orders, worth $10.6 billion, the highest ever for a Codelco bond.
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Newcrest quarterly output drops almost 17%
Production in Q3 totalled 518,770 oz, about 45,000 oz lower than analyst estimates.
Eskom shuts power plant after warning ash dam may collapse
The closure adds to the environmental challenges faced by the company, which produces almost all of South Africa’s power.
New Gold shares drop on Q1 financial results
Company reported an adjusted loss for Q1 at $18 million, or 3 cents per share, impacted by closure of the Rainy River mine.
Alderon defaults on Sprott loan, loses Kami project
Company said it was left with limited options after Tunghsu Group withdrew its investment.
Fears rise for illegal South African miners hiding underground in virus lockdown
At least 100 illegal gold miners in South Africa are hiding underground, according to industry sources.
World’s deepest gold mines on a ‘cliff’ as virus cuts output
The pandemic jeopardizes the future of SA's 134-year-old industry that once employed more than half a million workers on the world’s biggest gold field.
Russian metals and mining firms reduce investment
Alrosa may review its 2020 production plan from the current 34.2 million carats as the pandemic hits its sales.
Vale mulling offers for New Caledonia nickel assets
The nickel operations, the world's largest, have been on the block since December.
