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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...
Codelco raises $800 million to face crisis
Chile’s Codelco, the world’s largest copper producer, has raised $800 million worth of bonds boosting it cash reserves to face market uncertainty and carry a multibillion-dollar upgrade of its aging mines. The state-owned miner said it received more than 320 orders,...
Endeavour Silver to reopen Mexican mines
Canada’s Endeavour Silver anticipates reopening its three Mexican mines on May 18, despite the country’s government extending the suspension of all non-essential activities until May 30. The reason for the early resumption of operations is that President Andres Manuel...
Russian metals and mining firms reduce investment
Three of Russian metals and mining companies said on Wednesday they were tightening belts with tools varying from reduced investment to delayed dividends or postponed asset purchases as the new coronavirus outbreak is adding to risks. Russia, a major producer of...