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Mexican miner Peñoles to suspend zinc mine due to tough conditions, low prices
Mexican miner Industrias Peñoles said that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices. Peñoles said in a statement that it has begun laying off unionized workers in the unit,...
Ecuadorian mining sector allowed to resume activities
Ecuador’s Committee for Emergency Operations greenlighted the resumption of activities for the mining sector, 60% of which remained paralyzed since March 25, 2020, due to the covid-19 pandemic. Despite the state of emergency being extended until mid-June, the...
Glencore ventures to Ireland for zinc
Glencore is aiming to expand its zinc portfolio by increasing an interest in Vancouver-based junior Group Eleven Resources. Group Eleven holds the largest ground position in Ireland, with 99 prospecting licences covering 3200 square kilometres across four projects....
Alcoa CEO sees no certainty a definitive recovery is coming
Alcoa Corp. Chief Executive Officer Roy Harvey isn’t ready to declare that the world is on the road to recovery yet. Speaking at a virtual metals and mining conference, the head of the aluminum producer said there remains too much uncertainty in global economies to...