India working on mining tax

Rival Young Poong and private equity firm MBK Partners have been trying to take over the world's biggest zinc refiner.

The group said it will consider the base metals business demerger at a later stage.

Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.

Indonesia is now considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the metal.