Iamgold suspends operations in Suriname amid covid-19 cases

The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

Its Damang mine in Ghana is struggling with current gold prices, the firm said.

The value of reserves at the world's largest mines drop after copper price takes another hit.

With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.

“The floor of this market is in the hands of the top five mining companies."

Until early November, the failure at the Canadian Mount Polley copper mine had been the worst such breach in recent years.

Mine waste has oozed 440 kilometres downstream and now covers two states.

Stock in Guatemala focused miner in double digit gain Friday as silver operations throw off cash and newly-acquired gold properties outperform.