UBS says gold price could ‘break the highs’ seen this year

Technique likely to become an inexpensive way to uncover rich copper deposits.

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

The new mineral processing technique also makes the extraction environmentally friendly.

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."

The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.