Production problems
Restrictions put in place by governments to contain or delay the spread of Covid-19 have placed difficulties on mining companies operating in affected countries. In Italy, the worst affected nation outside of China, the national lockdown currently in effect has resulted in Alta Zinc closing down production at its flagship project in northern Italy. Italy’s current lockdown is scheduled to continue until 3 April, but Italian authorities acknowledge that the lockdown could be extended if necessary.
Global mining giants Rio Tinto and Anglo American have reported production slowdowns due to coronavirus-related restrictions. Rio Tinto’s Oyu Olgoi project in Mongolia has suspended non-essential operations after the Mongolian government tightened restrictions following the country’s first confirmed Covid-19 diagnosis last week. Anglo American, meanwhile, is in the process of demobilising most of the 10,000-strong construction workforce at its Qullaveco copper project in Peru, following the Peruvian Government’s announcement of a 15-day quarantine to curb the spread of Covid-19. Confirmed cases
This week, Endeavour Mining reported that a worker at the company’s Houndé mine in Burkina Faso had tested positive for Covid-19 having first experienced symptoms while on site. The company said some workers were placed in quarantine as a precautionary measure after interacting with the employee. Endeavour was previously screening employees as a precaution, but these measures did not detect that the worker was infected. The company subsequently implemented a mandatory 14-day quarantine period for any employees or contractors arriving at its sites in either Burkina Faso or the Ivory Coast. The worker is believed to have been exposed to the virus while in the UK.
A worker at AngloGold Ashanti’s Obuasi gold mine in Ghana also tested positive for coronavirus. The employee is also believed to have contracted the virus while in the UK. AngloGold increased its safety measures, requiring all non-essential staff to work from home. A worker at Lundin Mining’s Candelaria operation in Chile tested positive for the virus, leading the company to suspend construction activities at its Zinc Expansion Project in Portugal as a cautionary measure.
Outside of mine sites, several companies have shuttered their offices due to coronavirus concerns. Miners Kinross and Iamgold have closed their offices after both companies had an employee test positive for Covid-19. Commodity trading and mining company Glencore last week closed its London office after an employee tested positive for the virus. Ominous outlook
Most companies, perhaps unsurprisingly, are being […]
