Junior miners dangerously close to the cliff

CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.

The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.

The ruling comes only a few days after the Canadian miner decided to halt work at its mine in northern Greece, putting 600 jobs in the line.

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

Sydney based company Ecoult is taking its energy storage products, powered by the UltraBattery, into Europe with an installation this month in Dublin to integrate fast-response storage with the electricity grid.

Gold has become this year the best-performing non-agricultural commodity.

Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.