China’s Yunnan launches 800,000 T metals stockpiling drive The funds will be used to cover interests on bank loans taken out for the one-year stockpiling drive, which will include copper, aluminium, lead, zinc, tin, among others. Reuters | April 26, 2020 | 9:02 am
Glencore denies union claim S. Africa smelter workers had fake permits Glencore said the workers were escorted to a local police station, but that all their work permits were valid. Reuters | April 24, 2020 | 3:09 pm
Lockdowns keep retail buyers away in top gold hubs Many jewellers have announced plans to sell gold online on the festival and deliver it after the lockdown is lifted. Reuters | April 24, 2020 | 9:27 am
Freeport ramps up cost-cut measures, shares rise Company, whose shares climbed over 6% in NYSE, announced a $1.3 billion cut to its 2020 estimated operating costs. Reuters | April 24, 2020 | 8:54 am
SQM warns plans could change as covid-19 hits demand Economic slowdowns during the pandemic have ravaged demand in top markets like China. Reuters | April 23, 2020 | 11:39 am
Major miners braced to weather coronavirus, but cash-poor minnows in peril Gold miners are well placed to weather the downturn, but those in energy and battery materials will struggle. Reuters | April 23, 2020 | 9:21 am
Lockdown to cut Gold Fields’ South Deep output Company expects to lose 32,000 ounces of production. Reuters | April 23, 2020 | 9:01 am
Amplats targets $211 million in savings to offset lockdown losses The company has suffered a 7% drop in first-quarter output of platinum group metals. Reuters | April 23, 2020 | 8:11 am
Sibanye-Stillwater pulls 2020 outlook, to resume South African ops The firm said it would resume gold and platinum operations in South Africa in the next two weeks. Reuters | April 23, 2020 | 8:04 am
Anglo American to cut capex, costs due to coronavirus impact Anglo's exposure to South Africa, which accounts for about half of its profits, has forced the company to cut spending and reduce costs. Reuters | April 23, 2020 | 3:15 am
Epiroc posts profit beat but warns of pandemic hit in Q2 The company said order intake fell 4% as some customers stopped or reduced their activity. Reuters | April 22, 2020 | 2:16 pm
US quandary: securing weapons-grade minerals without China The US wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22. Reuters | April 22, 2020 | 1:10 pm