The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
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 miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.
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.
South African commodity stocks fell the most in more than six years, with Anglo American (AGL) Plc leading declines, as global metal prices slumped.
Article implies that the company engaged in illicit practices to obtain the necessary permits for its Platreef mine in South Africa.
Ivanhoe Mines (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.
The two men took the cash from an envelope, counted it carefully and spread it on the table in front of Raesetsa Makgabo in her village home.
The transaction is now expected to be completed in the first quarter of 2015.
The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.
The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.
The country needs funds to keep the lights on, but buyers may be hard to come by.
In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.
South Africa’s gold mining companies have started a fightback against money lenders who they say are preying on employees and damaging labor relations.
South African earthmover manufacturer Bell Equipment announced plans on Wednesday to restructure and shed jobs, as mining industry customers delay spending in the face of falling commodity prices.
The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.
Illegal gold excavation and scrapping, worth about six billion rands per year (about US$550 million), is today the lifeblood of Johannesburg’s informal economy.
Suppliers to the African mining industry need to improve their on-site support and product delivery capabilities, finds new survey by Timetric’s Mining Intelligence Center.
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.
Locals were protesting the imminent construction of Platreef platinum mine.
The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
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