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COPPER: First Quantum eyes Cobre Panama stake sale

  • Date: 25-03-20
  • Category: COPPER
  • Source: Mining.com

With a current market capitalization of $2.4 billion, First Quantum trades around three times its earnings before interest, taxes, depreciation and amortization, compared to an average of eight times for mining companies. Its net debt at the end of 2019 stood at $8.8 billion.

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PGM PRODUCERS: Russia's Nornickel extends shift at Bystrinsky mine

MOSCOW, March 25 (Reuters) - Russia’s Norilsk Nickel (Nornickel), the world’s largest palladium producer and a major global nickel producer, has launched additional measures to protect employees amid the coronavirus pandemic, it said on Wednesday.

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AUTO SALES: Coronavirus Impact on Global Auto Demand

  • Date: 25-03-20
  • Category: AUTO SALES
  • Source: IHS Markit

The COVID-19 virus (coronavirus) epidemic is spreading rapidly, with a growing number of countries around the world announcing drastic measures to slow down the infection rates. Key European countries are intensifying already-implemented restrictions, while the United States is starting to implement more aggressive measures in various areas.Over the last few weeks, IHS Markit has been evaluating and analyzing prevailing auto demand conditions in light of these containment directives, alongside i

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PGM PRODUCERS: Sibanye-Stillwater cutting back on Montana expansion because of COVID-19 outbreak

Update 5:05 p.m. Sibanye-Stillwater clarified that no union employees will be cut, only contract workers at Blitz. Also, production and development work at Blitz will continue, but surface and project work is being idled.

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SOUTH AFRICA: South Africa mines to shut in nation-wide lockdown

  • Date: 24-03-20
  • Category: SOUTH AFRICA
  • Source: Mining Journal

South Africa president Cyril Ramaphosa has declared a 21-day, nationwide lockdown which is set to impact the mining sector as the country moves to stem the COVID-19 pandemic.

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PGM PRODUCERS: Anglo American Platinum response to South Africa's COVID-19 measures

  • Date: 24-03-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum notes the statement made by the President of the Republic of South Africa on the evening of Monday 23 March in relation to a 21-day nationwide lockdown, to take effect at midnight on Thursday 26 March, in order to help curb the spread of COVID-19 in South Africa. Anglo American Platinum will review the detailed regulations relating to this action that are being published, including in relation to exemptions for certain business activities, and will issue a further stateme

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CONGO: DR Congo locks down mining area, some workers repatriated over coronavirus

  • Date: 24-03-20
  • Category: CONGO
  • Source: Reuters

The Democratic Republic of Congo imposed a two-day lockdown in part of its copper and cobalt heartland and a union official said a Glencore mine in a neighbouring province had repatriated some foreign workers in response to an expanding coronavirus outbreak.

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FUEL CELLS: Toyota and Hino to Jointly Develop Heavy-Duty Fuel Cell Truck

  • Date: 24-03-20
  • Category: FUEL CELLS
  • Source: Toyota

Toyota City, Japan, March 23, 2020―Toyota Motor Corporation (Toyota) and Hino Motors, Ltd. (Hino) have agreed to jointly develop a heavy-duty fuel cell truck, and to proceed with initiatives toward its practical use through verification tests and other means.

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