February 2021
Volume 73    Issue 2

Knock-on effects of COVID-19 on the industry, a Nevada story

Mining Engineering , 2021, Vol. 73, No. 2, pp. 29-29
Sattarvand, Javad


PREVIEW:

Business cycles are not new for the mining industry. Mining is an inelastic supply-and-demand economic sector that is usually familiar with the volatility of the markets. Mining has a strong culture of safety and health awareness and disaster preparedness. The year 2020, however, was an unprecedented downswing in all economic activities, including mining operations due to the COVID-19 outbreak. Market capitalization lost more than one-third of its value in a few weeks and shadows of a great depression appeared on the horizon during the course of the global pandemic. Major mining companies in Nevada (some of which also have operations outside of Nevada), equipment/software suppliers and contractors have been interviewed to share their experiences and lessons learned during the past 10 months.
 



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