Screening apps and 41-day vacations: keeping miners covid-free

Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.

Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.

There are signs of resurgence in the mining industry, driven in large part by the boom in storage technology.

Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.

Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.

The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.