Indonesia’s Timah set to double refined tin output

The revisions to the country's mining law would increase the area available to exploration to 20%t from around 8%.

The bank analysts say the window for profitable investment in new thermal coal mining and infrastructure capacity “has closed.”

Investors buy a net 8.4 tonnes in world's largest gold-backed ETF, the biggest buying spree since October 2012 when gold was at $1,800 an ounce.

Shares in producers fall after China's powerful central planning agency says country's "high steel demand period has passed" and inventories will stay high.

Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.

Spending committed by mining and energy companies to start or expand projects fell 14.6% to US$212bn at the end of April from $248bn a year earlier. That is a $36 billion drop.

The European nation is the conduit for gold moving from West to East and business soared 77% year on year.

Even if incoming PM Narendra Modi relaxed all gold import curbs – and that's still a big if – the impact on global markets should be muted.

The bank says it won't finance a project whose effects are still being debated.