Deutsche Bank joins with BOE to ask who owns Venezuelan gold

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

The goal is to develop an image algorithm that can classify material in a gold mine as high, medium or low grade ore, or waste.

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.