The collapse of a leach tank at Australia’s Ranger uranium mine, operated by Rio’s subsidiary Energy Resources of Australia, was the second such incident for the mining giant in less than a week.
Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.
Hedge funds are the least bullish on gold since 2007 prompting contrarians betting all the big sellers have been flushed out, to push gold higher Tuesday.