India and China are the world's two biggest gold consumers.

A 25% surge in gold prices last year has offered miners a lifeline following production disruptions due to the covid-19 pandemic.

Rio Tinto is open to replacing the underground development agreement with a new deal ratified by parliament, one of the sources said.

The White House plans to review gaps in domestic manufacturing and supply chains that are dominated by or run through “nations that are or are likely to become unfriendly or unstable,” CNBC reported.

The division will be headed by Maria Luiza de Oliveira Pinto e Paiva, who until this month has been head of sustainability at Brazilian pulpmaker Suzano SA.

The gold miner has been in discussions with Democratic Republic of Congo over the money for more than a year.

Company reported a more than 56% jump in half-year revenue and pointed to bullish market conditions for lithium as its loss narrowed from a year earlier.

Company flagged on Friday a rise in interim earnings of as much as 219%, driven by higher gold prices, greater output and foreign exchange gains.

The new United States administration seems in no rush to lift the aluminum and steel tariffs imposed by Donald Trump in 2018.

Metal on the LME are close to $25,550 a tonne, the highest since February 2012, after a gain of 24% so far this year.

Company said it is advancing plans to start international arbitration after the African country cancelled its Nabeba iron ore project in December.

The company expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, up from a prior range of 175-180 million tonnes.