Top miners in good position to weather covid-19 – report

Images of widespread damage.

Premiums for lump ore which let steelmakers lower pollution and cut costs have shrunk from $20 to just $3 a tonne.

Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.

Cliffs CEO heaps scorn on Rio Tinto and BHP living in "an imaginary world" as iron ore falls to second lowest spot price on record.

The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.

Producing nearly a quarter of global copper, these gigantic mines are undergoing multi-billion dollar expansions.

The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.

The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.