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US fines BHP $25m in Olympics bribery case

BHP Billiton is to pay $25m after falling foul of a US anti-bribery law related to the attendance of African and Asian government officials at the 2008 Beijing Olympics.

Ivanhoe to retrench as waits for SA licence

Ivanhoe Mines said it had no choice but to lay off staff at its IvanPlats project in South Africa while it waits for granting of a mining licence.

Palabora using alternative rail routes for exports

South Africa's largest copper mine, Palabora Mining, said it was using alternative rail routes to export magnetite and vermiculite after a bridge in Limpopo was destroyed last week.

ArcelorMittal buys R3.6bn in AMSA shares

ArcelorMittal would subscribe for R3.6bn worth of shares in its South Africa subsidiary, AMSA, in terms of the firm's R4.5bn rights offer.

Rough diamond prices must fall up to 50%

The diamond mining industry ought to cut the cost at which it sells rough diamonds to cutters and polishers in order to restore the profitability of the sector.

De Beers, NUM deadlock on wage talks

De Beers and the National Union of Mineworkers deadlocked on wage talks paving the way for strike action at the diamond producers mines.

Police gird for 70,000-strong platinum strike

South Africa's Police Services sent extra people to the country's platinum belt in North West province in an effort to stop intimidation as a 70,000-strong strike kicked off.

Rio to cut spending $500m to $5bn in 2016

Anglo-Australian mining group, Rio Tinto, expected its 2016 capital spending budget to fall by $500m to $5bn.

Mbada Diamonds to expand underground

Mbada Diamonds, which is in joint venture with the state-owned Zimbabwe Mining Development corporation, is to expand into underground production.

Glencore hiring new workers for chrome mine

The Associated Mineworkers and Construction Union said workers fired at a Glencore Xstrata chrome mine would not reapply for jobs.