Newmont, Barrick, Anglogold lost 1.3m ounces last year

Once the engine of the Industrial Revolution rooted in the UK, coal is now less popular than ever as an electricity source.

In an effort to receive more financial benefits from mining operations, the government's proposal will also require investors in the sector to get legislative approval before operating.

Together with reevaluating its previous multi-year guidance, the company is now reviewing the financial impact of the mine suspension to its longer term capital and exploration programs.

Final study focuses on a two-phase open pit mine and lithium carbonate processing facility with a life of over 20 years.

With the move, the country’s central bank has completed its plan to bring back home 54,000 gold bars that were still being held in foreign vaults.

It's the first time the event has been reproduced in a lab environment similar to the one within Neptune and Uranus.

According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.