Eldorado open to Greece royalty talks, seeks partner at Skouries

The failed deal was supposed to allow Turquoise Hill to finally break ties with the Mongolian coal miner that was once worth over $2.4 billion.

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

The nation signed a complex deal with Citibank to swap $1 billion in cash for about 1.4 million ounces of its gold reserves.

Only primary producers like Peabody will be excluded from investment portfolio so a BHP or Glencore could still make the grade. Met coal also fine.

Temir Sariyev, a 51-year-old economist, said before Thursday's vote in parliament that resolving the Kumtor issue would be among his priorities.

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.

The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.

Chief executive Ivan Glasenberg said growing demand for cheap energy will secure demand for coal.