Caterpillar to cut 10,000 jobs by 2018
Machinery maker Caterpillar is to cut up to 10,000 jobs over the next four years following the collapse in the price of crude oil.
Petmin shrugs off lower anthracite sales
Petmin shrugged off the effects of lower demand for anthracite to post a strong 29% increase in interim profit.
Eastplats sells assets to Chinese for $225m
Eastern Platinum finally brought the curtain down on its activities in South Africa selling the assets to Chinese firm Hebei Zhongbo in a cash deal worth $225m.
Kinross preparing $1.6bn Tasiast expansion
North American gold counter Kinross Gold has retained BNP Paribas to help it raise $1.6bn for the expansion of its Tasiast gold mine in Mauritania.
Gold Fields mines 535,000 oz in June Q
Gold Fields would report gold production of 535,000 ounces in the June quarter, roughly a 30,000 oz improvement quarter-on-quarter.
AngloGold halts Blyvoor 5 shaft pumping
AngloGold Ashanti has stopped pumping activities at Blyvoor 5 shaft but will keep dewatering its neighbouring Savuka shaft by pumping two other Blyvoor shafts.
Zambia power surplus being diminished
Mining expansions would eat into Zambia's power surplus next year, said the state-owned utility, Zesco.
Glencore to flush out Lonmin bidders?
The proposed distribution of Glencore's 24.9% stake in Lonmin to its shareholders might also be a ruse to flush out potential bids for the investment.
CoAL wins amended environmental licence
Coal of Africa takes a step towards regulatory approval for its Vele colliery winning the first of several amended environmental licences that it requires.
Anglogold in talks with Newmont on CC&V
The sale or partial divestiture of AngloGold Ashanti's Cripple Creek & Victor mine in Nevada could be to Newmont Mining in which it was in exclusive talks.