IAMGOLD reports 2019 attributable reserves of 16.7 million ounces

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

The discovery of the 55-carat diamond confirms the presence of large stones in the area, said the company.

Four miners have died in an underground fire in a platinum mine, the Impala group said in a statement.

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Should foreigners who allege human rights abuses against a Canadian company operating in a foreign land have their case heard in a Canadian court?

Randgold Resources chief executive Mark Bristow said the mine’s expansion and upgrade projects had now been completed.