China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine
Liu Han who disappeared after cutting billion dollar mining deals in Australia and Africa, is accused of running a "mafia" gang protected by state officials.
About 40% of the 100m tonnes of iron ore stockpiled in China have been put up by steel traders as collateral for loans. Loans banks are now calling in.
ICBC, China's largest bank, is set to buy Deutsche Bank's seat to join the price-setting process for the benchmark used in the globe's physical gold trade.