{"id":1185550,"date":"2020-05-20T17:42:32","date_gmt":"2020-05-20T22:42:32","guid":{"rendered":"https:\/\/www.mining.com\/?p=1024519"},"modified":"2020-05-20T17:42:32","modified_gmt":"2020-05-20T22:42:32","slug":"chart-minings-covid-19-capital-spending-cuts","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1185550","title":{"rendered":"CHART: Mining\u2019s covid-19 capital spending cuts"},"content":{"rendered":"<p>Mining operations in <a rel=\"noreferrer noopener\" aria-label=\"Mexico (opens in a new tab)\" href=\"https:\/\/www.mining.com\/mining-in-mexico-to-restart-next-week\/\" >Mexico<\/a>, <a rel=\"noreferrer noopener\" aria-label=\"Ecuador (opens in a new tab)\" href=\"https:\/\/www.mining.com\/web\/ecuador-restarts-mines-after-quarantine-neighbors-protest\/\" >Ecuador<\/a>, <a rel=\"noreferrer noopener\" aria-label=\"Peru, Bolivia (opens in a new tab)\" href=\"https:\/\/www.mining.com\/miners-resume-operations-in-peru-bolivia\/\" >Peru, Bolivia<\/a> and <a rel=\"noreferrer noopener\" aria-label=\"parts of Canada (opens in a new tab)\" href=\"https:\/\/www.mining.com\/cameco-restarts-ontario-operations-cigar-lake-on-hold\/\" >parts of Canada<\/a> are slowing ramping back up in May after countries, in compliance with government-mandated covid-19 containment measures, <a rel=\"noreferrer noopener\" aria-label=\"halted operations worldwide.  (opens in a new tab)\" href=\"https:\/\/www.mining.com\/worldwide-mining-disruptions\/\" >halted operations worldwide <\/a>in March. <\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>Three months into 2020, <a href=\"https:\/\/www.mining.com\/top-50-biggest-mining-companies\/\"  rel=\"noreferrer noopener\" aria-label=\"$282 billion had been wiped  (opens in a new tab)\">$282 billion had been wiped <\/a>from the sector as the covid-19 pandemic swept the world.<\/p>\n<p>The fallout of the coronavirus outbreak has forced global miners to cut their 2020 capital expenditure by about 19% and copper<br \/>production outlook by 8%, according to data compiled by Reuters.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/covid-19-mining-capex-cuts-May-2020-.jpg\" alt=\"\" class=\"wp-image-1024525\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/covid-19-mining-capex-cuts-May-2020-.jpg 941w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/covid-19-mining-capex-cuts-May-2020--300x207.jpg 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/05\/covid-19-mining-capex-cuts-May-2020--768x530.jpg 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><figcaption>Source: Reuters, Company Reports<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.mining.com\/covid-19-impact-on-the-iron-ore-market-report\/\"  rel=\"noreferrer noopener\" aria-label=\"Demand for metals  (opens in a new tab)\">Demand for metals <\/a>has also been hit as the coronavirus spread from China to other parts of the world and forced several nations to shut down much of their economies to contain the outbreak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for metals has also been hit as the coronavirus spread from China to other parts of the world.<\/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 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