Zimbabwe’s central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country…
Zimbabwe cuts rates, miners send coronavirus distress signals Read More »
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in 2021. The ratings agency projects “cumulative contraction” over the first̷…
Moody’s slashes growth forecasts Read More »
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…
Mine disruptions escalate as virus rips around globe Read More »
After announcing a temporary suspension of operations until at least Mar. 31 at its 49%-owned San José mine in Argentina late last week due to COVID-19, McEwen Mining reported today it will also be suspending production at its Black Fox…
The post…
COVID-19: McEwen suspends mining at Black Fox and Gold Bar Read More »
As the science continues to evolve around the transmission of the deadly coronavirus, the 23,000 people who attended the Prospectors & Developers’ Association of Canada…
PDAC tallies three positive COVID-19 cases Read More »
Swedish mining gear and metal-cutting tools maker Sandvik on Thursday launched large cost-cutting measures in response to the rapid global spread of the coronavirus and said it would reduce its proposed dividend for 2019. While the company, a rival of …
Sandvik to cut costs due to coronavirus impact, reduces dividend Read More »
Aim-listed Sunrise Resources on March 26 said it was making steady progress with the mine permitting process for its CS Pozzolan-Perlite project, in the US. The process is currently at a very advanced stage, the miner said, and all supplemental environ…
Sunrise ‘making steady progress’ with mine permitting for US project Read More »
Australia’s state, territory and national resources ministers have agreed that the resources sector was essential to maintain a strong Australian economy during the COVID-19 pandemic.
In a communiqué from the Council of Australian Governments, the nat…
Mining classified as essential to Australian recovery Read More »
Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the…
Coronavirus curbs Mountain Province revenue Read More »
Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers‘ (51%-owned) and Mountain Province Diamonds‘ (49%-owned) Gahcho Kué mine in…
DIAMONDS: Coronavirus curbs Mountain Province revenue Read More »
