Chinalco tests workers at Toromocho after covid-19 case

Arispe and Carrión highlight the mining-friendly government, the new production from many sources and point to several juicy projects that lack only the means to further unlock Peru's mineral riches.

Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.

Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.

The El Gallo mine produced 15,243 ounces of gold in the first quarter ended March 31, prior to an armed robbery of concentrate containing 6,350 ounces last month.

The Peruvian government has deployed troops near the Tia Maria copper project, to deal with the deaths of a protester and a policeman over the past week.