S&P Global lowers GDP, metals price forecasts
S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%. Earlier this month, it lowered its GDP growth forecast for China…
Copper
Exploding Costs: An analysis of Galore Creek
The mining industry is fraught with capital cost overruns — a quick internet search will turn up many examples. The results quickly highlight that as…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million…
Antofagasta halts Los Pelambres expansion project
Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic…
Spain allows Atalaya’s Riotinto copper mine to resume operations
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andalucía determined that mining operations supplying other essential industries…
TSX inches higher, March 30-April 3: Agnico, Aura Minerals, Newmont, NovaGold
The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80,…
TSX Venture falls, March 30-April 3: Gold X, Meridian, Revelo, Morien
The S&P/TSX Venture Composite Index lost 1.19% to finish the trading week at 383.94. Gold X Mining’s shares rose 20¢ to $1.53. The junior, which…
Freeport ramps up security after attack kills employee near Grasberg mine
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow…
Rockcliff boosts resource for Rail deposit in Manitoba
Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and…
Barrick updates 10-year plan
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million…
Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact…