Lonmin warns future at stake with $817m cash call

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

President Emmerson Mnangagwa said last month the government would introduce incentives to encourage mining companies to process their output locally.

Anglo has agreed to sell its 33.3% stake in Jellinbah Group, a JV that owns 70% interest in the Jellinbah East and Lake Vermont coal mines.