Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
X2 Resources still in race for Anglo's mines but "couldn't make the numbers work" for Barrick's Zaldivar with seven firms outbidding the $5 billion fund.
Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.
Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.
It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.
But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.
The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.
The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.
If the miner buys any assets this year, it would be Rio's first acquisition in about three years.
The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.
But China’s slowdown, rising costs and falling prices may get in the way.
Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.
The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.
The move seeks to direct gems to the most financially sound purchasers and make the business more transparent.
A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.
A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.
Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.
Anglo American Platinum's production fell by 17% in the fourth quarter compared with a year ago due to a strike at its South African operation.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.
The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.
South African commodity stocks fell the most in more than six years, with Anglo American (AGL) Plc leading declines, as global metal prices slumped.
Revised plan plan will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.
The new law could seek to limit mining companies' ability to replace workers during strikes.
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