Glencore has been hit by falling commodity prices, reporting a drop in pre-tax earnings of a quarter in the first half of the year, but will forge ahead with Xstrata merger plans despite a challenging backdrop.
Shares in platinum miner Lonmin fell sharply into the red on opening this morning, down more than 4%, as the group warned its 3,000 striking employees will be dismissed if they do not return to work today.
Billionaire investors George Soros and John Paulson have upped their stakes in the largest exchange-traded fund backed by gold as the commodity posted the largest quarterly drop since 2008.
The US Department of Agriculture (USDA) has slashed its forecasts for corn production and predicted sharp price rises, warning a drought and heatwave have destroyed much of the country's crop.
Global mining giant Rio Tinto has suffered a 22% drop in profits for the first half of 2012 as weak commodity prices hit growth.
Managers of the £276m Ruffer Investment Company have increased their exposure to gold on hopes global central banks will act soon to collectively expand their balance sheets.
SVM's Colin McLean is poised to sell out of the largest and most profitable holding in his £43m UK Growth fund after a drawn out battle by bidders.