Company will sell its 74% stake to NFC for $1.06 billion, in a restructuring move.

The group also said it planned to invest 1.2 billion pounds to revive the business.

The relatively easy credit underscores the challenge of ridding the world of the dirtiest energy source.

Bullion still gained nearly 7% this week, fulfilling its role as insurance at a time when the outbreak is shaking investor confidence.

Fitch expects the majority of shuttered manufacturing hubs and supply chains in China to be freed of restrictions by April.

In February, gold-backed ETF holdings reached 3,033 tonnes.

The Bloomberg Industrial Metals Subindex Total Return has tumbled more than 10% since mid-January as the virus outbreak spread globally.

Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC convention attendees in early March.