Turkey’s Cengiz ready to bid for British Steel if Chinese deal collapses

Shares in the Africa-focused diamond miner climbed almost 6% after it revealed the Mothae kimberlite project in Lesotho may be more profitable than previously assumed.

The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.

Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.

The mine, to produce 320,000 metric tons of potash salt per year, is expected to help reduce the country's reliance on imported fertilizers.

The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.

Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.

As Australian firm A-Cap Resources has applied for a mining licence for its flagship Letlhakane project.

The company, a joint venture between Botswana and De Beers, said the measure follows a downturn in the global diamond market.

The agency believes U.S. tight oil supply will sink by nearly 400,000 barrels a day in 2016.