MINING.COM MINUTE: Biggest stories of the week

Stock climbed 12.94%, closing the session at 529p.

Under the new rules, banks will need a higher ratio of longer term, more pricey funding against the precious metal on their balance sheets, they argue.

The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.

With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.

With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

Advancement in technology and increase in mining activities contribute to the growth of the mining industry.