Coronavirus company news summary

15 April 2020 (Last Updated June 22nd, 2020 13:51)

15 April

Glencore is reviewing options to restart operations at its Raglan and Matagami operations in Quebec, Canada after mining was today deemed an essential activity. The government of Quebec had previously ordered all non-essential businesses to close until 4 May. Glencore says it is engaging with relevant authorities, unions and other stakeholders with regard to measures designed to minimise the impact of the virus on its operations.

Newmont has temporarily suspended operations at its Peñasquito gold and silver mine in Mexico to comply with government restrictions aimed at containing the spread of Covid-19. The company has suspended all exploration activities and reduced personnel at the site to a minimum.

Panoramic Resources has temporarily suspended the Savannah nickel mine in Western Australia’s East Kimberly region due to the ongoing impact of Covid-19 on its operations.

The Indian Supreme Court is scheduled to begin hearing a plea by commodities major Vedanta to resume iron ore mining in Goa amid a nationwide lockdown to suppress the spread of Covid-19. The move is backed by the Prime Minister Narendra Modi’s government, which had been worried about an economic slump in the state even before the outbreak. The company has ten iron ore leases in the state, Bloomberg reported.