But summer likely only the "calm before the storm".
Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.
The fresh legal action is part of an ongoing dispute between the parties over mining royalties in Western Australia.
A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
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."
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.
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.
We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.
Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.
The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.
Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"
In the global iron ore market, the world’s two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.
Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.
Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.
First Nation support for resource projects has become increasingly important to their success.
New York court must decide by September whether or not it accepts Vale and BSGR request to dismiss the lawsuit that claims they conspired to steal Rio's rights over the asset.
Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.
The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.
Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.
India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.
Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.
JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.
BHP Billiton is today celebrating the 130 year anniversary of the incorporation of BHP and its significant contribution to the Australian economy and society for more than a century.
Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.
Get Mining News and Alerts
sent to your inbox daily