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Teranga shares hit 5-year high on Q1 output rise
Teranga Gold saw production rise by 27% to 91,312 ounces for Q1 2020, driven by strong performance at its Wahgnion operations in Burkina Faso. Improvement in Q1 production also led to surges in both company revenue and gross profit over the last comparable period, up...
Mining in Mexico to restart next week
Mining in Mexico, the world’s largest silver producing country, is set to fully resume next week as authorities implement a gradual nationwide return to a “new normal,” which will see more than 200 coronavirus-free towns reopen on May 18. The rest of the country,...
Vale operating license suspended in Brumadinho
The city of Brumadinho in Brazil’s Minas Gerais province has suspended Vale’s operating license after health agents said that the company’s onsite activities have “not respected the rules of social isolation.” In a media statement, Brumadinho’s mayor Avimar de Melo...
Vale to spend $2bn to cut carbon emissions 33% by 2030
Brazilian miner Vale SA plans to spend at least $2 billion to cut both its direct and indirect carbon emissions by 33% by 2030, Chief Executive Eduardo Bartolomeo told Reuters on Tuesday. Direct emissions refer to those from the company’s own operations, while...