Chinese bureaucrats are proposing that senior leaders should authorize the resumption of coal purchases as tensions between Beijing and Canberra begin to ease.
Bullion has come under relentless pressure in the past month as investors turn to the greenback in the face of an increasingly hawkish Federal Reserve.
PGMBM, which has also brought class-action type suits against other large corporates including Volkswagen AG and British Airways, has received the funds from investment firm North Wall Capital LLP.