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Sweden reports its biggest ever quake caused by mining in Arctic
Sweden reported its biggest ever earthquake caused by mining on Monday at an iron ore mine north of the Arctic Circle run by state firm LKAB. The quake measured magnitude 4.9 Richter's scale, the Department of Earth Sciences at Uppsala University said. Noone was...
Covid-19 impact on iron ore market
The mining industry is deeply impacted by the covid-19 pandemic, and the situation continues to evolve as the virus spreads throughout the globe. Revised down most of its 2020 mining and metals production and consumption forecasts and warns it will keep...
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...