This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.
South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.
The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.
The goal is to develop an image algorithm that can classify material in a gold mine as high, medium or low grade ore, or waste.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.
The company had said in June it lacked the inside edge to make owning the precious metal worthwhile.
Companies turn to shallow, highly mechanized new mines to keep costs low.
South Africa President Jacob Zuma asked mining and steel companies to limit job cuts as falling commodity prices put profits at risk.
According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.
The innovative new Jaguar XE is the only car in the class to use an aluminium-intensive monocoque, with lightweight aluminium accounting for 75% of the structure.
Talks are set to resume on Wednesday, Aug. 12.
Mining Minister Ngoako Ramatlhodi has decided to conditionally withdrew a licence suspension ordered earlier this week.
The union representing about a third of nearly 100,000 gold miners in South African labour talks, has rejected an offer of a 13-percent pay rise.
South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.
Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.
Wall Street legend Jim Grant says it's a Krugerrand and he's "very bullish indeed" on the gold price.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
Kumba Iron Ore’s board has put a halt to paying a dividend in the half year to June and has moved to overhaul its operations as it grapples with a double whammy of tumbling iron ore prices and rising costs.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
A geologist by training, the 62 year old executive has been with the company for 20 years.
It would be the first time since 2009 that Anglo has to cut dividends.
Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.
They claim the official report on the police killing of 34 striking miners in 2012 is a "gross defamation" of those who died.
Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.
Get Mining News and Alerts
sent to your inbox daily