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June 25, 2020

Coronavirus company news summary – Codelco reports third Covid-19 death – Impala Platinum lifts force majeure – Calibre Mining lowers production guidance

25 June

Codelco , the state-owned mining firm of Chile and the world’s largest copper producer, has reported the death of a third worker from coronavirus.  This death will put more pressure on the copper mining industry as the labour unions have been asking for greater safety of workers, reports Reuters. The deceased had reportedly contracted Covid-19 outside of work.

South African platinum miner Impala Platinum has lifted force majeure declared on its contracts and revised 2020 production guidance amid Covid-19. After a lockdown, the country’s mining firms have returned to 85% capacity, reported Reuters. South Africa is the world’s top platinum producer. In March and April, it reported a sharp drop in mining production as mines were shut down due to Covid-19.

Canadian miner Calibre Mining has reduced its 2020 production guidance after a ten-week suspension of mining activities due to the Covid-19 coronavirus pandemic. The gold producer has now forecast production to be between 110,000 and 125,000 ounces from its Nicaraguan mines. Before the temporary shutdown, Calibre expected 2020 production to be between 140,000 and 150,000 ounces.

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