The world's largest producer of platinum, Anglo American (LON:AAL), says it will be reporting a 20% earnings decline when it reports its next six-month period.

Traders are bracing for a replay of the April squeeze that made copper expensive to obtain quickly, saying major trader Glencore controls almost half the inventories of the commodity held in London Metal Exchange-registered warehouses worldwide.

CEO Nicholas Curtis says he underestimated the power of social media as local residents in Malaysia have used Facebook and Twitter to rally local and foreign opposition to the company's proposed rare-earths plant.

According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough and polished prices.

Precious-Gold remained weak after the release of downbeat U.S. data which triggered safety demand on the dollar and yen.

The draft legislation also introduces a series of new regulations that will greatly increase royalties on, and impose economic participation by the province in all mining projects, including Navidad.

Western Areas NL ("Western Areas") (TSX:WSA)(ASX:WSA) is pleased to announce full repayment from cash reserves of the A$105.5m convertible bond issue expiring today. The repayment is consistent with guidance provided to the market over the last 12 months confirming the company's focus on maintaining a sound and stable balance sheet.

According to analysts, gold could benefit from policymakers actions, but "investment bid needed" to move the price higher

The metal surrendered gains from Friday's session along with the euro and other commodities as a bounce lent to the financial markets by EU plans to tackle the debt crisis petered out.