Shares in Rio Tinto are down 4.8% so far this year. Stock in BHP is down 9.6%.

Video: Salvors scuttle 362-metre-long and 65 metre wide iron ore carrier, just four years after its construction.

The miner wrote to Canadian ambassador Graeme Clark and is hoping to set up a meeting with Lopez Obrador.

The miners want to join forces to develop the drill-ready El Mezquite gold project.

PwC forecasts that miners will take a hit to EBITDA of approximately 6% in 2020.

The new company will have a royalty portfolio that includes a 2% net smelter return royalty on First Majestic’s Ermitano West gold deposit in Sonora.

The company said it will use a remote quarantined camp so that workers keep their distance from nearby communities.