Trevali halts Canadian zinc mine amid covid-19 outbreak

Silvercorp Metals Chairman and CEO revealed his strategies to become profitable in the Asian giant

Copper concentrate throughput at Imperial Metal’s greenfield project exceeds projections after installation of ABB’s reliable low-speed dual pinion ring-geared mill drive solution

Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.

The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.

U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.

The company said the mine will either be put on "care and maintenance" for a possible restart or closed.

This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.

Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.

They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.