Spotlight: ESG and sustainable mining

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Mine development stalled under Mugabe, whose policies led to a collapse in the economy and hyperinflation.

The chief coal analyst at Noble Resources said on Tuesday that imports to India will rise after falling in the last two years.

President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.

The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located.

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.