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COVID-19 weekly updates: Resources & METS sector

Aspermont’s Research and Intelligence Unit brings subscribers the latest weekly resources and METS sector updates in response to COVID-19.
COVID-19 weekly updates: Resources & METS sector COVID-19 weekly updates: Resources & METS sector COVID-19 weekly updates: Resources & METS sector COVID-19 weekly updates: Resources & METS sector COVID-19 weekly updates: Resources & METS sector

Staff reporter

Company news  

EMEA

  • Gem Diamonds announces the recovery of a 442ct Type II white diamond from its Letseng mine in Lesotho amid a severely depressed diamond market.
  • Eurasian Resources Group reveals its programme, Momentum-ON, helping the company's employees and their families during COVID-19 by encouraging young people to develop entrepreneurial skills.
  • Ganfeng Lithium reports a difficult first half as pandemic affects its performance amid reduced demand for lithium salt and a continued downward spiral of prices.

Australasia

  • NRW Holdings announces higher than expected dividend; bullish outlook, sending shares in the Perth stock to their best levels since the industry wide COVID-19 panic selling earlier this year.

Americas

  • Hochschild Mining reports production ramping up; first half earnings in line despite COVID-19 suspensions during the period.
  • Minsur second quarter earnings reveal the full impact of COVID-19; tin production falls over 35% compared with the same period last year, along with lower gold and ferro-alloy output; sees company revenue fall by some 45%.

Industry bodies, government departments & regulators

  • The Global Footprint Network (GFN) says COVID-19 has slowed global resource use and pushed back "Earth Overshoot Day" in 2020 by three weeks.

 

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