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The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.

The U.S. largest bank still plans to perform"traditional” activities in commodities such as financing, hedging, trading warrants on the London Metal Exchange and the vaulting of precious metals.

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray.

Winners were few and far between Friday, but punters couldn't resist Nevsun Resources stock after low-cost high-grade Eritrea mine delivered on all counts.

According to The Times, Rio flagged the possibility of a writedown in August.

The miner blamed low metals prices and productivity inefficiencies for the decision.