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Australia injects $130bn wage package

The federal government has announced a lifeline for Australia’s workforce amid the coronavirus pandemic, providing six million workers with a fortnightly wage subsidy of $1500 per person. The $130 billion JobKeeper payment aims help Australians to hold onto their jobs...

Miners deemed essential to US Covid-19 response

The US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency has listed mineworkers as essential critical infrastructure workers and deemed miners vital to the national effort against the Covid-19 coronavirus pandemic. The ‘Essential...

Resolute Mining completes sale of Ravenswood Gold Mine

Resolute has received A$100 million of upfront proceeds consisting of A$50 million in cash and A$50 million in promissory notes which earn a 6% coupon. Potential future upside payments of up to A$200 million Resolute Mining Limited  has successfully completed the sale...

Coal miners exempt from lockdown

    Hwange Colliery Company Limited COAL miners have been exempted from the 21-day lockdown that the country embarked on yesterday as their operations are critical in supplying coal required in generating electricity by thermal power stations. Last week, President...