Zimbabwe to allow foreign platinum miners control of local operations

Shares rose almost 20% in London on Monday over the news that the junior miner is poised to sell its South African thermal coal mining assets.

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.

The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.

Platinum miner Lonmin's (LON:JSE) has signed an agreement to end a nearly four-week platinum-mine strike and return to Marikana mine by Monday, but key parties didn't participate, undermining the government-backed attempt put an end to a violent labour dispute that has left 44 people dead.

The South African economy has struggled over the past few weeks as reports of unrest in the country’s mines drove down the equities of most local miners.

But South Africa's output continues to fall says the Economics Group’s.

Taiwanese news animators, Next Media Animation, produced a video showing the unfolding platinum troubles in South Africa.

Four protestors have been shot and hospitalized as a wave of deadly strikes afflicting South Africa's platinum and gold mining sectors continues to spread.

Shares in London-listed Botswana Diamonds jumped nearly 12% after an encouraging exploration update.