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MMG copper output sinks on Peru force majeure

MMG copper output sinks on Peru force majeure

Australia-based MMG saw copper production decline 20% in the first three months of the year, compared to the same period in 2019, after declaring force majeure at its Las Bambas mine in Peru amid coronavirus-related restrictions. The company, majority-owned by...
Europe’s largest lithium project fully funded

Europe’s largest lithium project fully funded

European Metals Holdings’ shareholders have approved a major investment in the company’s Cinovec lithium and tin project in Czech Republic, believed to be Europe’s largest deposit of the battery metal. The decision allows Czech utility CEZ, in which the state holds a...
Venezuela allows gold mining in river basins

Venezuela allows gold mining in river basins

Emulating the late Hugo Chávez, Nicolás Maduro makes a fuss on TV every time his government makes a decision, no matter how big or small. But that wasn’t the case this April, when Maduro’s Ministry for Ecological Mining Development, through resolution N° 0010...
Pandemic puts China metals supply chain in jeopardy

Pandemic puts China metals supply chain in jeopardy

China, the world’s top metals consumer, is looking to reboot industrial activity across the country, after the pandemic lockdown hit its economy hard. But potential shortages of key metal-making raw materials create risks to production of everything from home...
Teck profit falls in Q1

Teck profit falls in Q1

Teck reported on Monday an 84% plunge in quarterly profit, primarily due to the effects of the covid-19 pandemic and the weak performance of its energy unit. For the first quarter, adjusted profit attributable to shareholders declined to C$94 million (C$0.17 per...
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