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Peru copper mining almost ‘completely recovered’ from pandemic
Copper mining in Peru, the world’s No. 2 producer, is almost completely recovered from the impacts of the coronavirus pandemic, a government official said on Tuesday. Peru’s copper production, however, fell 2.2% in July, compared with the same period a year earlier,...
Overview Market Close – September 01, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 28,645.66 +215.61 +0.76% S&P 500 INDEX 3,526.65 +26.34 +0.75% NASDAQ COMPOSITE INDEX 11,939.67 +164.21 +1.39% NYSE COMPOSITE INDEX 13,113.74 0.00 0.00% S&P/TSX COMPOSITE INDEX 16,644.99 +130.55...
Friedland’s Nimba iron ore project to get World Bank backing
The World Bank is said to be mulling an $135 million investment in the proposed Nimba iron ore mine in southeastern Guinea, which is owned by Canada’s High Power Exploration (HPX), a privately-held company founded my mining mogul Robert Friedland. The move by MIGA,...
Copper price leaps 26-month high on strong Chinese rebound
The copper price will likely rise further towards the end of 2020, and that the current environment has strong parallels to the rebound in the copper price after the global financial crisis, thanks to massive stimulus efforts by Beijing. On the Shanghai Futures...