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BHP flags delay at Spence copper mine expansion
BHP is expecting delays at the ongoing $2.5 billion expansion of its Spence copper mine in Chile, as measures taken to stop the spread of covid-19 has resulted in layoffs. Delivering results for the nine months to the end of March, the world’s biggest miner said the...
Rio Tinto reports stronger-than-expected iron ore output
Rio Tinto Ltd reported higher-than-expected iron ore production for the first quarter on Friday, boosting its shares, but cut its forecast for annual copper output citing disruptions due to the coronavirus. The strong iron ore output comes despite a cyclone tearing...
Barrick maintains 2020 guidance despite output drop
Barrick Gold, the world’s second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5% as it has had to scale down operations due to measures to stop the spread of covid-19. The gold giant remains confident that it will make its...
Turquoise Hill gold production drops 78%
Turquoise Hill Resources reported on Thursday that Oyu Tolgoi mine Q1 gold production plunged 78% year-over-year to 26,154 ounces, and that copper output slid 23% to 35,203 tonnes. The Rio Tinto-controlled company that operates the mine in Mongolia reported that sales...