South African coal miners reject pay offer
South African unions representing coal miners rejected a 4% to 6.5% pay offer raising the prospect of a prolonged strike in the struggling sector.
De Beers improves sightholder capital access
Philippe Mellier, CEO of De Beers, said access to capital for cutters and polishers had been improved after it improved the transparency of its contracts.
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.
Zim to auction Marange diamonds
Zimbabwe would set up a diamond auction system similar to the Antwerp diamond bourse in an effort to generate greater profits from its natural resources.
Guinea completes review of BSG deal
The government of Guinea said it had completed a review into a permitting agreement with BSGG over one of the world's largest untapped iron ore deposits.
Petmin’s Somkhele mine calls strike
About 100 employees of Somkhele operator, Tendele Coal Mining, have been on strike since September 16 over wages and benefits.
Zambia does not plan to run copper mines
The Zambian government would not take over mines where there had been heavy job losses.
Rwanda expects to double mining revenue
A new mining tax due to be implemented next year would help Rwanda to a doubling of revenue from mining activities.
Analysts seeking comfort in Lonmin plan
Analysts told Reuters that Lonmin's problems were significant and that a plan to restructure its business should be implemented properly.
FirstRand exposed to $200m iron ore debt
FirstRand and Standard Chartered were two of several banks exposed to a $200m loan to London Mining, the stricken UK-listed iron ore producer.