[IMG] Mining industry hit hard by COVID-19 as explorers suspend...

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Mining industry hit hard by COVID-19 as explorers suspend operations
Numerous ASX explorers and miners have had to suspend or scale back operations as a result of COVID-19.

While the newspaper headlines and television news cameras have focused on the thousands of workers in retail and services industries losing their jobs, the effects of the COVID-19 crisis have been creeping largely unnoticed through the ranks of the small cap miners.

The numbers of employees affected are, of course, far less dramatic than the closure of a large retail chain, and companies are reporting no health issues yet, but the disruption comes at a time when Australia is placing greater reliance on its resources sector to sustain the country’s standard of living.


Flinders Mines (ASX: FMS) claims the new international and domestic travel restrictions will “impact a significant range of activities and interaction with potential international off-takers, financiers and other relevant partners” for its Pilbara iron ore project.

Flinders has been working on the project for 18 years and was close to transitioning to mining