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Thermal coal benchmark in Asia cut for 2015

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Goldman Sachs cut its price forecast for power station coal in Newcastle, Australia, a benchmark in China, to $69/t.

Zim unrepentful of land grab plan

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Zimbabwe's mines minister, Obert Mpofu, said the country would press ahead with plans to seize land owned by foreign mining companies.

Atlas Copco to shed more jobs

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Atlas Copco, the engineering group, said it would retrench more employees as the mining slump hit demand for its drill rigs and loaders.

Gordhan urges labour resolution

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South African finance minister, Pravin Gordhan, urged the country to cut its fiscal deficit and resolve labour disputes so the economy could withstand external shocks.

Platinum sector hit for three years: Baleni

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Frans Baleni, secretary-general of the NUM, said the platinum sector strike would hold back the industry and employees for three years.

Malema targets aggrieved miners for EFF

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Julius Malema targeted miners near Lonmin's Marikana mine in a strategy aimed at promoting his new party, EFF, on the back of government errors.

Steinmetz rejects bribery allegations

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Beny Steinmetz told an Israeli newspaper that US claims someone with ties to BSG Resources made payments to win a mining concession in Guinea were 'nonsense'.

Gecamines CEO fired for mismanagement

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Joseph Kabila, president of the Democratic Republic of Congo has fired Ahmed Kalej Nkand, CEO of the country's base metals company, Gecamines.

AngloGold bonds boosted on new output

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Yields on AngloGold Ashanti's $600m bond due in 2020 fell as the market looked for more positive news on the gold producer.

Worst is over for global coal sector

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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.