S&P Global lowers GDP, metals price forecasts
S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%. Earlier this month, it lowered its GDP growth forecast for China to 2.9% from its previous…
Europe
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the…
Spain allows Atalaya’s Riotinto copper mine to resume operations
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andalucía determined that mining operations supplying other essential industries should remain open. The Cyprus-headquartered…
Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in…
Editorial: Asia shows the way
When I landed at Toronto’s Pearson International Airport on March 20 aboard an Air Canada ‘repatriation’ flight from Mexico, none of us were checked to see if we had a…
Lundin Mining puts zinc expansion on hold to prevent spread of coronavirus
Lundin Mining (TSX: LUN) has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face…
Euro Manganese gathers customers for Czech project
As Euro Manganese (TSXV: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining…
SQM reports lower profits on weak lithium price
Sociedad Quimica y Minera or SQM (NYSE: SQM), the world’s second-largest lithium producer, continues to suffer from sustained weak prices for the metal used in batteries that power electric vehicles…
Precious Metals Snapshot: Eight companies advancing projects globally
Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight companies with significant developments in 2020….
Agnico Eagle takes strategic stake in Rupert Resources
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 9.9% stake in Rupert Resources (TSXV: RUP) and the junior’s flagship Pahtavaara gold project, located 50 km away from Agnico’s…
Editorial: Sustainability tops discussions at Davos
In December, Time named Swedish climate activist Greta Thunberg its person of the year — the youngest person ever awarded the accolade in the magazine’s nearly 100-year history. The 17-year-old…
Anglo American pursues potash mine developer Sirius Minerals
Anglo American (LON: AAL) may be the company that throws a much-needed lifeline to Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a…