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March 13, 2020

Alta Zinc shuts down Italian operations due to coronavirus

Mineral exploration and development company Alta Zinc has suspended all operations at its flagship Gorno mine project in the Lombardy region of Northern Italy following the country’s complete lockdown due to the coronavirus pandemic.

By Matthew Hall

Mineral exploration and development company Alta Zinc has suspended all operations at its flagship Gorno mine project in the Lombardy region of Northern Italy following the country’s complete lockdown due to the coronavirus pandemic.

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Alta Zinc stressed that neither the mine site nor its surrounding towns, Oltre il Colle and Gorno, have been directly affected by Covid-19 and have so far been outside of the restrictive zones set by Italian authorities.

The Italian government’s restrictions now apply to the whole of Italy, intending to control the severity and spread of the virus. These restrictions stay in force until 3 April but could be extended if the infection rate in Italy shows no sign of slowing.

The restrictions in Italy stipulate that businesses should avoid any unnecessary movement of people, and limiting direct personnel interaction where possible. Alta Zinc has decided to suspend drilling and any direct site activity, including any travel into and out of the Gorno project area.

Alta Zinc managing director Geraint Harris said: “Our priority is to complete our work effectively, with the safety of our personnel and the community being at the centre of what we do. Italy is battling Covid-19 with everything it has and as a company we will do our part to minimise the risk of potential virus transmission.

“This time will not be wasted as our geology team will be undertaking desktop analysis of the recent drilling, in the context of the historic data from the wider project area, in order to derive value from better understanding how this information can expand our future exploration success. Also, our permitting team will continue to progress their equally important work in partnership with the regulators.”

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Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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