Mining’s covid-19 capital spending cuts top $6bn

MINING.COM | Mining operations in Mexico, Ecuador, Peru, Bolivia and parts of Canada are slowing ramping back up in May after countries, in compliance with government-mandated covid-19 containment measures, halted operations worldwide in March.

The fallout of the coronavirus outbreak has forced global miners to cut their 2020 capital expenditure by about $6.4 billion, (almost 19%) and copper production outlook by 8% or just under 400,000 tonnes for the year, according to data compiled by Reuters.

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