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Bayan Resources Halts Coal Output at Subsidiaries, Indonesia
April 7, 2020
Indonesian coal producer Bayan Resources is to halt production at two of its mining subsidiaries until April 30 as a precautionary measure amid the global coronavirus pandemic. Its Tabang and Fajar Sakti Prima subsidiaries operate mines in Indonesia’s east Kalimantan
How Mining Companies are Responding to Coronavirus Challenge in Their Communities
April 2, 2020
As the coronavirus continues its unrelenting impact around the world, mining companies have been making financial and logistical contributions to efforts to tackle the pandemic. These extractive firms, which so often occupy a stewardship role for the communities in which
Yancoal Australia to Acquire Sojitz’s Moolarben Coal JV Stake for A$300 Million
March 31, 2020
Yancoal Australia Ltd. unit Yancoal Moolarben Pty. Ltd. entered into a binding agreement to purchase Sojitz Corp.‘s 10 percent stake in the Moolarben coal joint venture in New South Wales, Australia, for A$300 million. Yancoal, which owns an 85 percent
Lundin Gold Halts Operations at Fruta del Norte Gold Mine Due to Coronavirus, Ecuador
March 30, 2020
Lundin Gold said that it is temporarily halting operations at its Fruta del Norte gold mine in Ecuador due to the increasing concerns about the spread of coronavirus in the South American country. By the end of last week, Ecuador
Indian Coking Coal Imports Hit by Port Closures
March 30, 2020
Coking coal imports to India have begun to be affected by the coronavirus outbreak, as berthing and uploading activities are halted at some major ports. Gangavaram port at Visakhapatnam (Vizag) has declared force majeure on all incoming shipments and told
Freeport-McMoRan Releases Update on Cerro Verde Mine in Peru
March 27, 2020
Freeport-McMoRan said that the Peruvian Government has extended the declaration of a National Emergency to April 12, 2020, associated with the Peruvian government’s efforts to contain the outbreak of COVID-19. Cerro Verde is engaged in discussions with Peruvian government authorities
Endeavour Mining to Combine with SEMAFO to Create Leading West African-Based Gold Miner
March 26, 2020
Endeavour Mining Corporation has revealed it is to combine with SEMAFO Inc in a C$1 billion deal which will create a leading West Africa-based gold producer generating over 1 million ounces a year. The merger brings together six mines with
Russian Miner Mechel in Talks to Sell Stake in Elga Coal Project
March 24, 2020
Mechel, a Russian mining and steel company, has reportedly confirmed that it is in talks to offload its stake in the Elga coal project in Sakha Republic, Russia in a move to cut down its debt. Considered to be among
Anglo American Slows $5 Billion Quellaveco Mine Construction in Peru Due to Coronavirus
March 24, 2020
South African firm Anglo American has announced that construction work is being slowed down at the $5 billion Quellaveco copper project in Peru, due to the COVID-19 quarantine measures implemented by the Peruvian Government. The Quellaveco open-pit mine is being
Australian Mining Companies Unite in Stance Against Coronavirus
March 24, 2020
The minerals industry has expressed its concerns about operating amid the coronavirus outbreak, according to the Minerals Council of Australia (MCA). Challenges outlined by the MCA’s COVID-19 working group, which comprises of senior company representatives, include workforce movement restrictions, pressure
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