Lynas seeks ‘critical industry’ status in Malaysia as virus hits output

The finding is more than double the age of the previous oldest known occurrence of reidite, believed to have formed about 450 million years ago.

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

The news played well on the Australian stock exchange, with investors bidding up the stock 4 percent on Friday to 25 cents a share.

A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.

The Northern Territory Chief Minister has threatened to close Glencore's McArthur River operation if the miner does not improve its environmental practices.

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.