Worst is over for global coal sector
The slump in prices in the coal sector may have bottomed out owing to cuts in production with a turnaround imminent, said Peabody Coal Corporation.
Shandong buys Tonkolili rump for $170m
Chinese group Shandong Iron & Steel Group bought 75% of African Minerals' Tonkolili mine in Sierra Leone for $170m and will spend $600m expanding it.
Guinea puts Simandou out to tender
Guinea has put the rights to the Simandou iron ore prospect, formerly owned by BSG Resources and Vale, out to tender with ArcelorMittal and Glencore interested.
AMSA to post up to 30c/share interim loss
Poor trading conditions and the costs of increased borrowings would take ArcelorMittal South Africa into a 25 cents to 30c/share interim headline loss.
ASA striking workers return to surface
500 of workers who staged a five-day underground sit-in at ASA Metals’ Dilokong mine in South Africa's Limpopo province have returned to the surface.
Marange diamonds to go on sale in Antwerp
Diamonds mined from Zimbabwe's Marange fields will be sold in Antwerp in December of January amid claims revenue from the sales finance president Robert Mugabe.
Gold to claw back some lost ground
Investors may take advantage of the slump in the gold price helping the metal to regain some ground after touching its lowest levels since September 2010.
Ramaphosa completes sale of Shanduka
Cyril Ramaphosa, South African deputy president, has sold its direct share in Shanduka, a diversified investment house with interests in coal and platinum.
Rio Tinto invests US$1.6bn in Aussie iron ore
Resources giant Rio Tinto approved a US$1.6bn investment to develop the Hope Downs 4 iron ore project in Western Australia and link with Rio Tinto's existing rail, power and port infrastructure in the Pilbara.
London Mining has options in Glencore row
London Mining said it had other sale options after it considered termination of a 2mtpa contract to 2017 with Glencore which declined to make a prepayment.