The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO Richard Collocott.

Bargain hunters are supporting the price at current levels and renewed buying will boost the price towards the end of the year says Germany's second largest bank.

Chalice stock jumped 7.3% on the ASX in Sydney on the news.

The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.

Strong demand for Caterpillar Inc.'s (NYSE:CAT) construction and mining equipment in North American continues to offset slow sales elsewhere in the world, as the company reported Wednesday an increase of 11% in global sales in the three months to the end of May.

US-based L&L Energy, Inc. (NASDAQ: LLEN), a company with five-year track record of profitable coal operations in China, announced it has entered into an MOU to acquire the Lashu Mine in HeZhang County, Guizhou Province.

The since departed head of the institute which has staff of 78 was paid in excess of $500,000 per year and the organization racked up more than $54 million in "operational expenses" in the first two years including "conferencing in empire-style Parisian ballrooms" and being entertained by celebrity chefs in Tokyo.

A change in Indonesia’s mineral export rules has pushed up the cost of coal for Indian buyers, who source 70 per cent of their coal imports from the southeast Asian nation, making about 9,000 MW of imported coal-based projects in the country economically unviable.

After three months of declines holdings by exchange traded funds rose by just over 21 tonnes or $1 billion since the start of June.

It is believed that the violence resulted from Glencore workers trying to forcefully take back control from a rival Bolivian state-based company.