Copper market in 75,000 tonnes deficit in Apr 2021 – ICSG

“I don’t believe for one moment this is linked to some of the higher level issues of relationships between China and the rest of the world.” - Mackenzie

Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.

The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.

The company’s cash balance increased 47% year-on-year.

Tension between Beijing and Canberra has grown in recent months over issues of cyber security and China's influence in Pacific island nations.

The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.

Panoramic Resources' first shipment from the Savannah mine contained 7,735 wmt of nickel/copper/cobalt concentrate valued in approximately $6.1 million.