The French provider of specialty materials is planning a sale of its high temperature solutions business.

The fresh funds will be used for moving the Omagh gold project in Northern Ireland into production and for working capital, the company said.

Rio is reviewing the legal basis for the decision and could sue Serbia as it tries to salvage the $2.4 billion project.

The Church of England Pensions Board said it planned to vote against the re-election of company chairs of 183 mining companies.

“The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But there are plenty of risks to this outlook," says Wood Mackenzie.

BofA sees investment demand driving gold to $1,925 in 2022.

KGHM, the biggest consumer of Poland’s overwhelmingly coal-based electricity, plans to introduce nuclear power into its energy mix this decade.