BHP says Chinese coal customers have made deferment requests
Chairman Ken MacKenzie confirmed information after reports that China had put a freeze on accepting Australian coal amid trade tensions between the two countries.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.
This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable.
And while the Singaporean-based owners of the Basslink infrastructure have now targeted a revised restart for the end of this month, the new EnergyQuest report released today says the Basslink related economic losses to date are at best conservative.