Cecilia Jamasmie, Author at MINING.COM

Report on what caused Mount Polley disaster expected this week

The highly anticipated independent expert panel report will determine the cause of the dam failure and is expected to lead to new safety standards for the entire Canadian mining industry.

Cecilia Jamasmie | January 28, 2015 | 11:46 am

Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection

Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.

Cecilia Jamasmie | January 27, 2015 | 8:03 pm

Lower gas prices weigh on Peabody’s results, expected coal demand

Lower gas prices weigh on Peabody’s weak results, expected coal demand

The U.S. No.1 coal producer projects a much wider-than-expected loss for the current quarter.

Cecilia Jamasmie | January 27, 2015 | 5:09 pm

Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.

Cecilia Jamasmie | January 27, 2015 | 4:35 pm

Commodity prices hit Caterpillar profit — down 25%

CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.

Cecilia Jamasmie | January 27, 2015 | 2:38 pm

Congo risking billions with planned tax hike, mining code revision

The central Africa nation may also lose its position as the continent’s top copper producer.

Cecilia Jamasmie | January 27, 2015 | 12:25 pm

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Cecilia Jamasmie | January 26, 2015 | 8:31 pm