De Beers axes production forecast amid market collapse

Senior management is allegedly not happy about recently announced expenses.

The company was issued a shutdown notice for its Lace project in South Africa's Free State province.

Experts say Ghana's government is unlikely to do anything before the upcoming presidential election on Dec. 7 for fear of losing votes.

South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.

Independent investigation says the country has not complied with international laws, reacting too slowly and doing too little about the polluting effects of 130 years of gold mining near Johannesburg.

Weakening currency supplies fatter margins for South African mines responsible for nearly three-quarters of global platinum production.

The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.

World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.

Minister Kayode Fayemi is negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority.