{"id":1180789,"date":"2020-04-27T17:31:45","date_gmt":"2020-04-27T22:31:45","guid":{"rendered":"https:\/\/www.mining.com\/?p=1021893"},"modified":"2020-04-27T17:31:45","modified_gmt":"2020-04-27T22:31:45","slug":"extended-lockdowns-to-hit-copper-production","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1180789","title":{"rendered":"Extended lockdowns to hit copper production"},"content":{"rendered":"<p>Peruvian copper mine Antamina, owned by BHP and Glencore, <a rel=\"noreferrer noopener\" aria-label=\"reported on Monday (opens in a new tab)\" href=\"https:\/\/www.antamina.com\/noticias\/antamina-actualizacion-sobre-avances-de-plan-de-respuesta-frente-al-covid-19\/\" >reported on Monday<\/a> 210 positive cases of coronavirus and said the date to restart operations is still uncertain.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>One of the largest copper\/zinc mines in the world, Antamina produced 101 million tonnes of copper in 2019.<\/p>\n<p>The announcement comes after six workers at <a href=\"https:\/\/www.mining.com\/six-workers-at-fortuna-silver-mines-peruvian-operation-test-positive-for-covid-19\/\"  rel=\"noreferrer noopener\" aria-label=\"Fortuna Silver Mines (opens in a new tab)\">Fortuna Silver Mines<\/a>\u2019 (NYSE: FSM) Caylloma operation in southern Peru also tested positive for covid-19.  <\/p>\n<p>Peruvian President Martin Vizcarra has extended the country&#8217;s lockdown and travel restrictions to May 10, while the <a rel=\"noreferrer noopener\" aria-label=\"ripple effects of a copper supply shock remain to be seen. (opens in a new tab)\" href=\"https:\/\/www.mining.com\/coronavirus-to-prompt-codelco-lose-worlds-top-copper-miner-spot\/\" >effects of a copper supply shock remain to be seen.<\/a> <\/p>\n<p>China, the world\u2019s top metals consumer, <a rel=\"noreferrer noopener\" aria-label=\"boosted copper imports year-on-year in March (opens in a new tab)\" href=\"https:\/\/www.mining.com\/pandemic-puts-china-metals-supply-chain-in-jeopardy\/\" >boosted copper imports year-on-year in March<\/a>, but still faces challenges as miners have reduced shipments or suspended operations.  <\/p>\n<p>Data analytics firm GlobalData <a rel=\"noreferrer noopener\" aria-label=\"forecasts output growth of 1.9% this year (opens in a new tab)\" href=\"https:\/\/www.mining.com\/2020-copper-production-forecast-trimmed-to-21mt\/\" >forecasts copper output growth of 1.9% this year<\/a>, compared to the original forecast growth rate of 3.4%.<\/p>\n<ul>\n<li>On Monday, Freeport\u2019s El Abra copper mine in Chile also <a rel=\"noreferrer noopener\" aria-label=\"announced it would scale back (opens in a new tab)\" href=\"https:\/\/www.mining.com\/web\/freeports-el-abra-mine-in-chile-to-scale-back-processing\/\" >announced it would scale back<\/a> copper processing by 40% as global prices for the red metal plunge amid the coronavirus pandemic. The mine, located in the province of El Loa in northern Chile, is one of two copper mines operated by Freeport in South America. The world\u2019s largest publicly traded copper producer,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/s22.q4cdn.com\/529358580\/files\/doc_news\/2020\/FCX-1Q-2020-Earnings-Release.pdf\" >said on Friday<\/a>\u00a0it would cut its 2020 costs by 18%, or $1.3 billion, as prices for the red metal plunge.<\/li>\n<\/ul>\n<ul>\n<li> Copper giant Codelco was also hit by <a rel=\"noreferrer noopener\" href=\"https:\/\/www.mining.com\/coronavirus-to-prompt-codelco-lose-worlds-top-copper-miner-spot\/\" >delays in upgrades and expansion projects<\/a> caused by measures to stop the spread of the novel coronavirus. <\/li>\n<\/ul>\n<ul>\n<li>Australia-based&nbsp;MMG saw copper production&nbsp;<a rel=\"noreferrer noopener\" aria-label=\"decline 20% in the first three months of the year (opens in a new tab)\" href=\"https:\/\/www.mining.com\/mmg-copper-output-sinks-on-peru-force-majeure\/\" >decline 20% in the first three months of the year<\/a>, compared to the same period in 2019, after declaring force majeure at its Las Bambas mine in Peru amid coronavirus-related restrictions. <\/li>\n<\/ul>\n<ul>\n<li>Anglo American&#8217;s Los Bronces copper mine in Chile, outside the capital Santiago, saw output tumble 25% to 68,700 tonnes, battered primarily by a worsening drought in the region. <\/li>\n<\/ul>\n<ul>\n<li>Grupo\u00a0Mexico, the third-largest copper producer in the world through its subsidiary ASARCO, registered a net loss of $369.2 million during the first quarter of 2020 in a sharp reversal from the same period a year ago. The largest mining company in Mexico recently\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.mining.com\/web\/grupo-mexico-starts-gradual-reduction-of-mining-operations\/\" >reduced its mining operations<\/a>\u00a0to comply with government orders to suspend non-essential activities.<\/li>\n<\/ul>\n<ul>\n<li>Vale (NYSE: VALE) has <a rel=\"noreferrer noopener\" aria-label=\"extended the care and maintenance (opens in a new tab)\" href=\"https:\/\/www.mining.com\/vale-extends-care-and-maintenance-at-voiseys-bay\/\" >extended the care and maintenance<\/a> period at its Voisey\u2019s Bay mine in Labrador, Canada, for up to three months. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Antamina reported 210 positive cases of covid-19 in Peru and said the date to restart operations is still uncertain.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[624,2849,369,4,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1180789"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1180789"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1180789\/revisions"}],"predecessor-version":[{"id":1180799,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1180789\/revisions\/1180799"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1180789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1180789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1180789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}