Mining in Corona times
In South Africa, for example, very strict curfews that have been in place for a good four weeks are now being relaxed. President Ramphosa twittered that the world had been shown what a nation can achieve with courage, determination and solidarity. South Africa is rich in raw materials. Especially gold, platinum, uranium, copper, iron ore or coal are among the raw materials that are exported.
Here in South Africa, in the Witwatersrand region, about 40 percent of the world's gold reserves are stored. Sibanye-Stillwater, for example, has gold operations and projects in this area: https://www.commodity-tv.com/play/sibanye-stillwater-update-on-covid-19-impact-profiting-from-high-pgm-prices/. These are joined by PGM operations in the country, with platinum and palladium metals being highly sought-after raw materials. In South Africa, mining projects are now allowed to increase to 50 percent of normal production. Sibanye-Stillwater is also focusing on gold and platinum group metals with various projects in the USA.
North America was hit hard by the pandemic. But here, too, loosening up is already being discussed. One particular company is active primarily in North America: Osisko Gold Royalties: https://www.commodity-tv.com/play/newsflash-with-osisko-gold-royalties-gold-terra-resources-and-caledonia-mining/. Broadly positioned as a royalty company, Osisko Gold Royalties has more than 135 royalties and precious metal purchases and is in an excellent position.
Latest company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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