Anglo American sued for alleged lead poisoning in Zambia

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.

Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

Global miners have been cutting spending on new projects and expansions since 2012.

Chinese futures speculation frenzy continues.

Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.