Petra Diamonds mulls selling Williamson mine

Swedish Sandvik, which makes metal-cutting tools and mining gear, reported record-high quarterly earnings and orders on Tuesday on the back of a broad rise in demand, with its mining unit a particular stand-out

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.

The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.

BMW already signed up as the factory's main client.

The sentences range from 15 to 22 years in jail for high-ranked executives.

A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million).

Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.