Company said in a statement that it had reached a collective agreement with the mine's worker union, which included a bonus payment of around 4.16 million Chilean pesos ($5,776) but no salary adjustment.

Seasonal rains at the Ponta da Madeira port, Vale's iron ore and manganese loading terminal in the Northern System resulted in fewer shipments from Carajás.

The securities, of which the payout is based on Vale’s dollar revenue, has more than doubled in value over the past 12 months.

President Lopez Obrador said the area dedicated to mining concessions was about 120 million hectares.

The Canadian gold miner has grown its mineral reserves by 202% to 864,000 ounces.

Many mines temporarily reduced operations last year during more than five months of lockdown and the largest union at miner Cerrejon held the longest strike in the company's history.

The emergency at an illegal gold mine in Caldas was reported on Friday, March 26, 2021.

A new report by Roskill says the industry opinion is strongly – and evenly – divided between bearish and bullish views.