Glencore, Tohoku Electric set coal contract price at $109.77/T

Delaying big new mining projects is a "self-serving" strategy: supply shortages will eventually drive prices back up.

Project review will consider options to boost shareholder value, without necessarily resulting in a transaction, the company said.

The new law can be the solution cash-strapped state-owned developer of Tavan Tolgoi has been looking for years.

This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.

"The stock market is starting to deal with how they handle things if the training wheels are taken off."

"It is a significant victory for Mineralogy and an important vindication of the rule of Australian law."

It reached $7,525, its highest level since April 12.

Group expects 2013 to be year in which “the death bells ring for the commodity supercycle after its duly noted sunset.”

The China National Petroleum Corporation will operate the project.