Rio, Anglo aim to sell 75% stake in Palabora Mining valued at $700 million

"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."

Gemfields said in a statement that "groups associated with the illegal mining and trading of rubies have taken advantage of the political unrest".

Solar capacity around the world was rolled out at a record pace, as bargain panel prices helped countries deploy cleaner energy.

Gold has hit successive records this year and is set to close 2024 more than 25% higher.