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Copper market heading for 200,000-300,000 tonne surplus in 2020 – Antofagasta chief
The global copper market is headed for a surplus of between 200,000-300,000 tonnes in 2020, the head of miner Antofagasta told Chilean media on Saturday, with operation halts at some mines offsetting depressed demand due to the coronavirus pandemic.Iván Arriagada,...
Miners resume operations in Peru, Bolivia
Through supreme decree N° 080-2020-PCM, the Peruvian government authorized mining operators to resume activities as of May 2, 2020. According to the decree, miners are allowed to exploit, refine, store and transport minerals and metals, as well as go on with...
China Moly shrugs off South Africa port disruption as DRC cobalt sales rise
China Molybdenum Co is sending more copper and cobalt from the Democratic Republic of Congo (DRC) to ports in Tanzania, Namibia and Mozambique, a spokesman said on Thursday, as it weathers coronavirus disruption at South African outlets. South Africa implemented a...
Fortescue posts 10% rise in Q3 iron ore output
Fortescue Metals has upgraded its guidance for 2020 iron ore shipments to 175-177 million tonnes, based on strong operating performance year-to-date. The company reported third-quarter iron ore shipments of 42.3 million tonnes, 10% higher than 38.3 million tonnes a...