Ero Copper hits best drill intercept at Curaçá, stock rises

The miner, which began the year with an over $13 billion debt, has vowed to reduce the hefty figure by $3 billion before the end of 2015.

Chief executive Nelson Pizarro said output will, however, remain untouched.

Anglo-American perceived as "the most likely of the diversified mining majors to go bust" even if it "goes down fighting".

Rival gangs are preying on a small community at Goldcorp's Los Filos gold mine in Mexico's Guerrero state leaving at least 26 people dead since mid-2014.

Mexican authorities say about 450 tonnes of material was released.

In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.

The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.