GPA ports gear up for new cargoes from China
Ports under the Georgia Ports Authority (GPA) in the US will receive a slew of cargoes now that Chinese manufacturing has resumed following the COVID-19 virus-induced shutdown. In an online update pertaining to the virus, the GPA announced a Saturday moratorium on truck gate hours at all terminals because of a sharp decline in imports. The GPA has received several reports indicating Chinese supply lines and factories are resuming standard production, the update said. Water bookings have increased, signifying a return to normal business. There has been rising demand from importers at the Savannah port, and projects—like distribution centers supplying US factories for domestic production—are becoming operational, the GPA said in its statement.
Baker Steel invests $3.5mn in Azarga Metals
Baker Steel is investing $500,000, in addition to $1mn already invested, into Azarga Metals. The new funds are earmarked for an ongoing exploration program at the Unkur mining project in Russia. The copper-silver project contains an inferred mineral resource of 62mn mt at 0.53pc copper. The mine also has an average copper concentrate output of 13,217mt per annum of an eight-year life.
CISC blasts Supreme Court ruling
The Supreme Court of Canada will allow governments to use reprisal clauses and ban contractors and subcontractors if they’re engaged with the government in litigation. The Canadian Institute of Steel Construction (CISC) has taken issue with the ruling, specifically calling it “extortion.” Ed Whalen, CISC’s president and chief executive officer, claimed the Supreme Court decision will result in higher construction prices for taxpayers and fewer contractors willing and able to bid on government contracts.
Battery Minerals to acquire Gippsland Prospecting
Battery Minerals, which purchased a 67pc stake in Gippsland Prospecting in early March, has announced it is acquiring the remaining 33pc of the prospecting company. Under this agreement, the Australian miner will also control Gippsland’s high-prospective exploration license near Stavely Minerals’ copper-gold mine in Victoria, which the prospecting company had previous won in a tender from the Victoria government.