Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.
Temporary suspensions of mines caused by the covid-19 pandemic, along with the advancement of Indonesia’s export ban are expected to be the significant contributors to this decline.
BHP says Chinese coal customers have made deferment requests; Newcrest approves Cadia’s expansion; Newmont CEO not interested in returning to Rio Tinto.