Chinese traders freeze Australian coal orders amid 40-day customs delays – sources

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

Western sanctions against Russia that stemmed from the events in Ukraine have not yet put a significant dent in the country’s economy or changed their plans abroad. However, over the last three months, the slumping price of crude oil may be the factor that finally makes Moscow blink.

The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.