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COPPER SEMINAR: Covid-19 impact on major copper miners lingers


COPPER SEMINAR: Covid-19 impact on major copper miners lingers
The impact of Covid-19-related mine closures, project deferrals and capital expenditure reductions will last into 2021 as well, major miners said at the Fastmarkets Copper Seminar on Friday March 12.
In the “Adapting to the evolving mining sector” panel discussion, top executives from Freeport-McMoRan, Vale and Anglo American told Fastmarkets’ special correspondent Andrea Hotter about the lingering impact of mine closures and production cutbacks after Covid-19 brought economic activity to a sudden halt in 2020.
Kathleen Quirk, president and chief financial officer of Freeport-McMoRan, said production at its Cerro Verde mine in Peru had yet to be ramped back up to its pre-pandemic levels after it was put on suspension last year. ....

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