South African police are braced for possible violence ahead of Monday's back-to-work deadline for striking workers at Lonmin's flagship platinum mine, where 44 people died in labour strife last month, most of them at the hands of police.
Mick Davis, Xstrata chief executive, is likely to receive a payoff of at least £8m and could cash in company shares worth up to £30m if Glencore's bid for the miner succeeds.
Colombian coal workers voted on Saturday to strike over pay and working conditions at the 3-million-tonne-per-year La Jagua mine of Glencore's Prodeco unit, a union said. Colombia is the world's fourth-largest coal exporter and Glencore's La Jagua - one of the mining concessions it owns in the nation - has some of the country's highest quality coal.
Koch Industries' Canadian energy division has put interests in several Alberta oil sands properties on the auction block, adding to a growing list of opportunities for developing the massive resource being shopped to potential bidders.
Reuters reports iron ore shipments to Chinathrough Australia's Port Hedland rose modestly in February compared with January, according to data released by the port authority, suggesting steady demand from the world's largest steel industry after signs of a weak start to 2012.
The world's biggest miner, BHP Billiton (Hamburg: BHP1.HM - news), said Wednesday the planned blockbuster merger between Glencore and Xstrata (Dusseldorf: XTR.DU - news) would not impact on its strategy.
Russia's second-largest lender VTB has bought a 20 percent stake in Metalloinvest, the country's largest iron ore miner part-owned by Alisher Usmanov, one of Russia's richest men.
African Barrick Gold said it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania.
China, the world's biggest consumer of iron ore, is still hopeful that major foreign suppliers will change the way they set their prices, Zhu Jimin, chairman of the Shougang Group, one of the country's biggest steel producers, said on Sunday.
Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on Wednesday
