Copper advanced in London, poised for a weekly gain, on expectation a planned ban on all ore exports from Indonesia will curb supplies. Nickel and aluminum rose and tin reached the highest in more than five weeks.
Peter Munk built Barrick Gold Corp. into the world’s largest gold producer by expanding into Africa and South America. Now former Goldman Sachs Group Inc. President John Thornton is betting on China to help revive the beleaguered company’s fortunes.
Kishore Kumar, head of Vedanta Resources Plc’s Zambian unit, said police reports that he deposited 200,000 kwacha ($35,971) in the bank account of a man impersonating President Michael Sata were incorrect.
The Democratic Republic of Congo’s provincial governments expect a windfall of reconstruction and development funds after an insurgency by M23 rebels ended, said Moise Katumbi, governor of the copper-rich Katanga province.