Italy ready for ‘legal battle of century’ with ArcelorMittal

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.

The company, however, said it remained committed to the diamond industry.

Potashcorp shares jump after making unsolicited bid for Europe's largest potash producer amid fundamental shifts in the industry.

The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.

While details remain unknown, it is believed the fix would be launched via the Shanghai Gold Exchange, the world's biggest physical bullion exchange.

Russia, China and the U.S. are in a battle for currency dominance and natural resource stocks have been buffeted as a result.

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.