World’s mine workers resist quick restart amid coronavirus

Comprehensive wage agreement brings stability to South Africa platinum industry, responsible for more than 70% of world output.

Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.

The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

The gold miner also expects to be in a position to increase dividends by the end of the year.

DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.

The Toronto-based gold producer revealed that its net earnings were $2.5 million, or zero a share, in the three months through September.