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June 15, 2020updated 23 Jun 2020 3:28pm

Mines on hold due to Covid-19 drop below 100 as lockdowns end

As mines were permitted to return to operation in Mexico and then Liberia in early June, the number of mines on hold due to COVID-19, and ensuing lockdowns or company measures, fell to 94 as of 12 June, having been 3,614 at the end of March. The largest share of these were in North America, followed by Europe and Africa, with just six in Asia-Pacific and Oceania combined.

By GlobalData Energy

As mines were permitted to return to operation in Mexico and then Liberia in early June, the number of mines on hold due to COVID-19, and ensuing lockdowns or company measures, fell to 94 as of 12 June, having been 3,614 at the end of March. The largest share of these were in North America, followed by Europe and Africa, with just six in Asia-Pacific and Oceania combined.

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Whilst restrictions are being lifted, as a result of more widespread testing, large numbers of cases are being discovered at some mines, which is leading to more closures. On Monday 8 June, for example, Polish authorities announced that 12 mines would be closed for three weeks after it was found that hundreds of workers were infected with COVID-19.

In the previous week, the identification of 188 cases of COVID-19 at the Itabira complex in Brazil led to the owner, Vale, being forced to suspend operations there. The company reported that, by 5 June, over 75% of its workforce in Brazil had been tested for COVID-19, along with almost the entire workforce at Itabira.

On 24 May, AngloGold Ashanti announced that 164 workers had tested positive at its Mponeng mine in South Africa, which has now been temporarily closed. The company had conducted 650 tests since detecting the first case.

A month earlier, on 27 April, Peruvian copper mine Antamina, reported 210 positive cases of coronavirus. These had been discovered whilst testing was being undertaken on staff and contractors. Of those with the virus, 87% of cases were asymptomatic and the remainder had only mild symptoms.

Other major operations still on hold include Voisey’s Bay and Cigar Lake in Canada, Cobre Panama in Panama and Chino in the USA.

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Determine the future strategies for IoT in Mining

IoT can be beneficial across the whole mining value chain, from prospecting to reclamation. The technology allows different assets and people to be monitored and accounted for across vast distances in hazardous conditions.  GlobalData’s IoT in Mining Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
GlobalData predicts that the revenue from IoT in mining will grow to reach $1.9 billion by 2025, with a compound annual growth rate (CAGR) of 6.2% between 2020 and 2025. Ensure your company is proactive in adapting strategies and processes to help you remain competitive.   Download the full report to get ahead of the competition
by GlobalData
Enter your details here to receive your free Report.

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