Covid-19 pandemic hits global mining investment

1 May 2020 (Last Updated May 1st, 2020 11:35)

GlobalData reports an 11% drop in cross-border mining deals in Q1 as leading players slash capital expenditure and put projects on hold in the wake of coronavirus.

As Covid-19 continues to batter the global economy, the mining sector is facing volatile commodity prices, restrained production outputs and an uncertain project timeline, causing a reduction in overseas investment in the sector.

Alongside this, the UN Conference on Trade and Development reported on 26 March that total global FDI flows were expected to shrink by between 30% and 40% across 2020 and 2021.

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