PNG to lift lockdown despite surge in covid-19 cases

The company said the mine will either be put on "care and maintenance" for a possible restart or closed.

The country's radical Association of Mineworkers and Construction Union (Amcu) said it would begin a wildcat strike in the sector if its rival union and companies extend wage deal to its members.

Workers at the Mount Polley mine in central British Columbia could be back on the job as early as July 1st.

The 12 Top Pick companies at the Metals Investor Forum all share an essential trait: momentum. Despite all that the markets have thrown at them, they continue to pragmatically advance their projects towards increased shareholder value.

Underground mining royalties cut to 6% from 9%.

Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.

The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.

According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.

The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.