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Labor tensions add to copper’s steady drumbeat of supply threats
The steady stream of supply news fueling copper’s rally continued on Monday, with one Chilean mine reportedly cutting its workforce and another facing a strike. Lundin Mining Corp.’s Candelaria is reducing its headcount by 7% as the coronavirus pandemic spreads in the...
Escondida offers early retirement amid pandemic
BHP said on Wednesday its Escondida copper mine in Chile, the world’s largest, had offered some workers the option for early retirement amid the coronavirus pandemic, a plan blasted by the company’s union as a scheme to oust the old and sick. Escondida said in a...
GoviEx to appeal cancelled uranium license in Zambia
Canada’s GoviEx Uranium Inc. said on Wednesday it would appeal Zambia’s decision to terminate its Chirundu mining license. The company acquired the permit in late 2017 from African Energy Resources, and it included the Njame and Gwabe deposits. Both assets, GoviEx...
Greenfields Exploration wants to snap up third of Greenland licences
Greenfields Exploration said on Wednesday it had identified a “shopping list of high-quality acquisitions” in Greenland, which could give it about 28% of all areas under license in the mineral-rich, but under-explored country. The unlisted company, which ditched plans...