Mining company capex reduction due to coronavirus (COVID-19) impact 2020

Capital expenditure reduction of selected mining companies as a result of coronavirus (COVID-19) impact as of May 2020

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Sources

Release date

May 2020

Region

Worldwide

Survey time period

as of May 2020

Supplementary notes

*Rio Tinto announced that their 2020 capex would be between five and six billion U.S. dollars rather than the previous amount of seven billion U.S. dollars, due to COVID-19 as well as the strength of the U.S. dollar. The figure provided in this statistic is accordingly an average between the two reduced figures provided.
**Capex guidance for 2020. Capex guidance has been reduced to between 1.3 billion U.S. dollars and 1.5 billion dollars, rather than the 1.5 billion dollars announced prior to the crisis.
***Reduced capex over the next 15 months from April 2020. 150 million U.S. dollars of this amount would be sustaining capex and 10 million dollars would be exploration capex.
This statistic was assembled using several editions of the report.

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Statistics on "Coronavirus: impact on the mining industry worldwide"

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