Top five mining stories last week

Stay on top of the most popular stories on Australian Mining over the past week, including BHP planning to hire an additional 1500 workers to support the coronavirus-hit economy.

BHP goes on hiring spree to spur virus-hit economy

BHP plans to recruit 1500 people to support the company’s operations in the short term amid a “difficult” time.

The jobs will be offered as six-month contracts, with roles spanning from machinery and production operators, truck and ancillary equipment drivers, excavator operators, diesel mechanics boilermakers, to trade assistants. Read more…

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BHP releases rigorous coronavirus prevention policies

BHP has continued to implement stringent measures across its operating assets to reduce the risks of the coronavirus.

This is done on the back of the awareness that mining and petroleum operations do not give much opportunity for employees to work from home. Read more…

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South32 suspends international operations, reduces exploration

South32 has withdrawn its 2020 financial year guidance for its South African operations after the government declared a 21-day nationwide lockdown from March 26 due to the coronavirus.

The Perth-headquartered company will continue to operate its Hillside aluminium smelter at Richards Bay and domestic coal production from South Africa Energy Coal, as they are considered essential for the maintenance of power generation. Read more…

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Northern Star gold production impacted by pandemic

Northern Star Resources has withdrawn its production and cost guidance for the 2020 financial year due to uncertainty caused by the coronavirus pandemic.

The gold mining company expects its March quarter production to be 10–15 per cent lower than expected. Read more…

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Gold prices recover spectacularly to seven-year high

Australian gold prices have continued their wild ride amid the coronavirus pandemic and crude oil price crash, shooting back up to a seven-year high of $2746.32 per ounce.

According to ABC Bullion data, gold prices tumbled to $2449.13 on March 17, before recovering two days later to $2631.21 per ounce. Read more… 

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