Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

B2Gold’s African gold mines have already delivered 591,806 ounces for the first nine months of the year

The B2Gold company produced 738,939 ounces of gold for the first nine months of the year, of which 591,806 came from the Fekola (Mali) and Otjikoto (Namibia) mines. It has garnered $ 1.309 billion in revenue since January and is approaching its production target (1 to 1.05 million ounces). 

B2Gold’s African gold mines have already delivered 591,806 ounces for the first nine months of the year
The mining company B2Gold published on October 15 its operational and financial report for the third quarter ended last September. Gold production attributable to the company increased 17% from the same period last year to 248,733 ounces, bringing the total for the first nine months of the year to 738,939 ounces.

Despite the Covid-19 pandemic and the political crisis in Mali, the Fekola gold mine confirms its status as the main asset with production of 152,535 ounces for the quarter and 463,970 ounces for the first nine months. For its part, the Otjikoto mine (Namibia) produced 42,591 ounces in the last three months, for a total of 127,836 ounces delivered in nine months. The balance of production comes from the Masbate gold mine in the Philippines. 



This strong performance translated into a 57% year-on-year increase in sales revenue for the quarter ($ 487 million), bringing year-to-date revenue to $ 1.309 billion. Note that with these results, B2Gold is getting closer to its goal of producing between 1,000,000 and 1,055,000 ounces of gold this year.