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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

COVID-19 has claimed just over 1 million lives worldwide to date, according to official figures

Aspermont Research & Intelligence

Week 38 (25/09/2020-01/10/2020)

Company news  

Australasia

  • OceanaGold announces C$150 million bought deal offering of common shares having been hit by COVID-19 issues at both its Haile operation in South Carolina and its Macraes operation in New Zealand.
  • Solgold reports that restrictions on site access during the Covid19 pandemic have delayed the completion of aspects of the geotechnical work on its pre-feasibility study (PFS) for the Alpala project in Ecuador.

Industry bodies, government departments & regulators

  • Some US$43.9 billion of mining projects in Chile have been delayed due to COVID-19, according to Cristian Cifuentes, strategies and policies coordinator at copper research agency Cochilco.
  • Shares in some of the world's major mining companies have dipped in recent days, with US investment bank Jefferies pointing to the recent spate of COVID lockdowns as a sign prices could fall further in the near term.