The forecast for a La Nina is helping drive spot LNG prices for winter.

Inventories in LME warehouses in Port Klang at 814,225 tonnes are down about 20% since climbing above one million tonnes in July.

Temporary suspensions of mines caused by the covid-19 pandemic, along with the advancement of Indonesia’s export ban are expected to be the significant contributors to this decline.

Barrick will give Papua New Guinea a “major share” of the gold mine.

Overseas sales of cut and polished diamonds may slump 20% to 25% in the year ending March from $18.6 billion last year.

Company has implemented the permanent layoff of 496 employees at its gold and copper mine in Phillipines.