Turkey lifts ban on importing scrap metal from Lebanon

The Porgera mining lease is set to expire on August 16, 2019.

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States.

Central banks around the globe have been on a gold buying spree this year, with Russia and China, leading the pack.

James Marape, a former finance minister who became leader after winning a vote in parliament, put some of the world's biggest resources companies on notice over a perceived lack of wealth flowing from their projects back to communities.

Lynas' status as a non-Chinese producer came into sharper focus this week after major Chinese newspapers reported Beijing was ready to use rare earths to strike back in its trade war with the US.

The 216 million tonne Jongju deposit 150km north of Pyongjang, theoretically worth trillions of dollars, would more than double the current global known resource of REE oxides.

Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018.

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

The news comes a day after Zambia said it planned to strip Vedanta-controlled Konkola Copper Mines of its mining licence for breaching deal terms.