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.

Reuters | March 31, 2020 | 9:49 am

Petra Diamonds founder steps down

Adonis Pouroulis was the company’s founder and chairman for 23 years.

Cecilia Jamasmie | March 31, 2020 | 9:34 am

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.

Reuters | March 31, 2020 | 8:52 am

Vale says resumption of lost capacity could be slowed

Vale calculates roughly 18 million tonnes of output could be interrupted in the transoceanic market.

Reuters | March 31, 2020 | 8:22 am

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.

MINING.COM Staff Writer | March 31, 2020 | 6:30 am

Premier offers Centerra $205m for Ontario project

The offer consists of a $175-million cash payment and the assumption of all Centerra’s obligations under the partnership agreement.

MINING.COM Staff Writer | March 31, 2020 | 6:15 am

Harmony Gold curbs output as it shuts nine mines

It expects to only produce between 650kg to 700kg of gold in South Africa during the 21-day lockdown imposed by the government.

Cecilia Jamasmie | March 31, 2020 | 4:13 am

Global M&A dwindle as coronavirus batters world’s economies

With large swathes of the globe shut down, the M&A pipeline remains patchy and likely to be dominated by rescue deals.

Reuters | March 31, 2020 | 3:15 am

First Cobalt produces battery-grade cobalt sulphate

First Cobalt owns the only fully permitted cobalt refinery capable of producing battery grade material in North America.

Canadian Mining Journal Staff | March 30, 2020 | 2:43 pm

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