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Insights and analysis from leading industry commentators

(SOVEREIGN RISK)
Barrick Gold, partner Zijin Mining Group and their mine operator joint venture company Barrick Niugini have launched arbitration proceedings seeking undisclosed damages from the Papua New Guinea government over its refusal to renew the special mining lease for the giant Porgera gold mine.

(DEVELOPMENT)
Canyon Resources is preparing to advance offtake and strategic partnership negotiations for its Minim Martap bauxite project in Cameroon supported by newly developed technical data highlighting the high quality of its Camalco Premium Bauxite product.

(CORONAVIRUS)
After 11 years of growth, the world is facing a COVID-19-induced downturn of a breadth and scale that now seems likely to be much larger than assumed as little as three months ago.

(CORPORATE)
A board challenge from substantial shareholder APAC Resources has resulted in diversified miner Metals X dropping its attempts to revive the troubled Nifty copper mine, instead opting to seek buyers for its West Australian portfolio of copper assets.

The Australian govt expects record high FY20 mining/energy export earnings up to $293B, followed by a FY21 10% fall as COVID-19 bites.

(CORONAVIRUS)
The spreading impact of the COVID-19 coronavirus pandemic in South America has resulted in the shutdown of operations at Codelco’s Chuquicamata project in Peru and Trevali Mining’s Santander project in Peru.

(HERITAGE)
The destruction of two rock shelters in Western Australia’s Pilbara region that were known to contain artefacts linked to more than 46,000 years of human habitation is triggering world mining leaders Rio Tinto and BHP to accept the need to reform their communications with traditional landowners.

(CORONAVIRUS)
The Minerals Council South Africa has denied the national mining sector is an “epicentre” for COVID-19 infections, saying its intensive screening and testing regimes are identifying more cases but are succeeding in keeping death rates among mining employees lower than similar age groups across the country.

(CORONAVIRUS)
Global mining giant Vale has reversed the suspension of mining operations in Brazil and Canada after implementing additional measures to protect its workers from the risk of the COVID-19 pandemic, with minimal impact on its production forecasts.

(CORONAVIRUS)
While the easing of direct restrictions on mining activities are allowing more mining operations to restore output levels, it appears that delays in the preliminary stages of development projects are emerging among the most affected by the COVID-19 pandemic.

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Mining Billboard

Insights and analysis from leading industry commentators