Vale signs agreements with Chinese companies to reinforce strategic agenda in Asia
One agreement relates to investment in the Morowali project in Indonesia.
(This story was updated March 26)
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of covid-19.
With governments from Africa to Latin America issuing lockdown orders, disruptions to operations and supply chains are affecting the outlook for industrial and precious metals. Most of the majors have now announced halts at gold-copper operations.
Last week, producers across South America, where the bulk of the world’s copper is produced, halted or cut back operations and slowed construction.
Fear not, corona virus or whatever its other names, is no more!
Just reopen economies and operate normally. No need to scale down.
Mark my post!
God bless you all across the globe.