coronavirus

In June this year National Group managing director Mark Ackroyd spoke about the impact the pandemic will have on the industry and how mining will help lead the charge and stimulate the economy as we come out the other end of the coronavirus pandemic.

South Australia has confirmed that mining employees considered as essential workers will be exempt from the state’s six-day lockdown.

Yancoal is closely monitoring the condition of international coal markets to best assess how its business will be impacted for the remainder of 2020 and beyond.

Copper prices have continued to rise this week to almost $US6800 per tonne ($9345) as global concerns of a lack of supply continue.

Australian gold production experienced a strong recovery during the June 2020 quarter, with output totalling 85 tonnes, more than 10 per cent above the March quarter.

Glencore will temporarily shut down sites and equipment at a number of New South Wales and Queensland coal operations to manage its production profile as the COVID-19 pandemic continues to impact the global market.

Coronado Resources has endured what it has called “one of the most challenging periods in the last 50 years” for the steel and metallurgical coal sectors.

Newcrest Mining has encountered a positive COVID-19 case at its Lihir operation in Papua New Guinea (PNG).

Ok Tedi Mining has halted operations in Tabubil, Papua New Guinea after the mining town recorded seven positive COVID-19 cases.

US gold prices have the potential to rise as high as $US3000 ($4166) per ounce, according to Edison Group analyst Charles Gibson.

International Mining and Resources Conference (IMARC) 2020 has been postponed due to COVID-19.

Gold has traded above $US2000 ($2805), another record high for the precious metal, before settling just below this peak.

Iron ore is the first Australian commodity to crack $100 billion in annual export value, according to the Australian Government’s latest Resources Energy Quarterly report.

Gold’s uphill momentum has persisted for the sixth consecutive week, soaring above $US1900 ($2675) an ounce on Friday last week.

Gold prices have moved to their highest point since 2011 this week as they approached $US1900 ($2662) an ounce.

Northern Star Resources has defied the impact of COVID-19 to finish the 2020 financial year with record gold sales on the back of its Australian operations.

Lynas Corporation has felt the impact of the coronavirus pandemic as it delivered a lower rare earths production of 2579 tonnes during the June quarter.

The Downer Group has stated that the divestment of its mining business remains “a key short-term objective” due to how capital-intensive the business is.

Anglo American has finished the second quarter of 2020 with a drop in production at both the Moranbah and Grosvenor coal mines in Queensland’s Bowen Basin.

Iron ore prices soared to nearly $US110 ($157.4) per tonne yesterday, a level not seen since August 2019.