Copper extends rally while China looks to stabilise raw material prices
China's industry ministry said the country will take steps to stabilise raw material prices and strengthen supervision of the market after a spike in prices.
The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Imperial Metals (TSX:III) has been granted a water discharge permit from the B.C. government that will allow the company to flow treated mine wastewater from the Mount Polley mine into Quesnel Lake.