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Covid-19 disrupts $8.8 billion of global mining output
Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations, suspend work on projects, and re-opening plans are scuppered by fresh outbreaks. S&P Global Market Intelligence in a...
China raises annual rare earth mining quota to record high in 2020
China hiked its mining quota for rare earth minerals by 6.1% in 2020 to a record annual high, the natural resources ministry said, as the country seeks to ramp up production of the prized minerals. China is the world’s dominant producer of rare earths, a group of 17...
Trevali restarts Santander mine in Peru
Trevali announced on Wednesday that it has begun to restart operations at the Santander mine in Peru with additional covid-19 health protocols in place. Mining and milling operations were suspended on June 25 after 19 workers tested positive for covid-19. One person...
Nevada Copper announces $71m financing to navigate financial difficulty
Nevada Copper plans to raise, through a bought deal offering of 643.7 million units of the company at C$0.15 per unit, approximately C$97 million (about $71 million) to address the company’s “serious financial difficulty.” The US-focused copper miner has entered into...