Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Two workers that sparked the lockdown of a gold mine in Russia’s Far East involving almost 900 workers have tested negative for the new coronavirus, local authorities said.
Mine operator Kinross Gold Corp of Canada, which produces gold and silver in Russia, isolated its Kupol mine complex this week, including 866 on-site workers.
The two employees had been hospitalised with suspected coronavirus infections in the biggest mining lockdown since the outbreak of the disease.
The company did not respond to a request for immediate comment regarding when it might lift its lockdown.
There were 199 confirmed cases of coronavirus in Russia as of March 19, official data showed.
(By Anastasia Lyrchikova and Polina Ivanova; Editing by Jason Neely)
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