Silver demand in China and India is set to rise 40 perent in 2012

A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.

The funds will go towards the construction of a hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure.

BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.

The French nuclear fuels company move comes in response to Niger's cancellation of Orano's subsidiary mining licence.