Yamana forecasts 31% increase in Jacobina output

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

“It took us one year to regain our leadership position in the silver market."

Steelmaking raw material now up 28.7% from decade lows hit last month.

New supply from projects won’t be sufficient to replace production losses from aging operations, the World Silver Survey 2015 shows.

Last year, the nation’s silver output reached about 3.3 million tonnes, making it the second biggest producer of the precious metal after Mexico.

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.