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Indonesia targets 11% increase in processed nickel output in 2020
Indonesia targets to produce this year 2.02 million tonnes of processed nickel, such as nickel pig iron and ferronickel, as well as 78,000 tonnes of nickel matte, Energy and Mineral Resources data showed on Thursday. In comparison, output of processed nickel last year...
China $570 billion stimulus raises hopes for copper, iron ore price
Copper and iron ore prices have held up surprisingly well as markets in the West belatedly come to grips with the coronavirus pandemic and China shifts focus from containment to rebuilding its economy following more than two months of inactivity. On Wednesday BMO...
Barrick to pursue $2bn Pueblo Viejo mine expansion
Barrick Gold plans to extend the life of the Pueblo Viejo gold mine in the Dominican Republic beyond 2040. The expansion will enable Barrick to exploit the lower grades in the orebody and is not intended to process ore from outside the current concession area. The...
Freeport to grow copper, gold volumes by up to 40%
Freeport-McMoRan announced on Monday that it will grow its copper and gold volumes by 30 to 40%. The company also said it will reduce net unit cash costs of copper by 25% to approximately $1.30 per pound and more than double its cash flows by 2021, compared with 2019....