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Lynas seeks ‘critical industry’ status in Malaysia as virus hits output
Lynas Corp Ltd on Wednesday said it has applied to the Malaysian government for an exemption from some coronavirus-led curbs, as reduced work levels drove an 18% drop in the miner’s third-quarter rare earths oxides output. The company’s Mt Weld mine in Australia has...
Barrick to invest $10 million in Precipitate Gold
Barrick Gold has inked an earn-in agreement with Precipitate Gold that gives it the right to earn a 70% stake in the junior’s Pueblo Grande project, located right next to the gold giant’s Pueblo Viejo mine in the Dominican Republic. To earn the set interest, the...
Eldorado Gold to reopen Lamaque mine
Canada’s Eldorado Gold said it will resume operations at its Lamaque mine in Quebec on April 15 as the province has confirmed that mines can reopen starting Wednesday, but only with strict measures in place to limit potential spread of covid-19. The requirements...
Copper price rally builds after China imports surprise
Copper jumped on Tuesday after a rebound in Chinese imports of the metal indicated the country’s manufacturing sector may be emerging faster than initially thought from the covid-19 slump. Customs data showed China’s refined copper imports in March rose 13% from a...