IAMGOLD puts construction of Canadian mine on ice

Port ore stockpiles are down 25% since February peak and imports are up 17%.

Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

Resource nationalism is one of the main causes of the current commodity prices instability and it is threatening global security, warns London-based Chatham House in its latest report.

Aggregate market cap also reaches highest point since April

Mining legend and Ivanplats (TSX:IVP) CEO, Robert Friedland, said he aims to have his African-focused mining company landing in the London stock exchange during the first half of 2013.

The name of the miner was not released.

It's all about productivity.

"There is a loyalty improvement, which is great for the industry."