Cecilia Jamasmie, Author at MINING.COM

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

No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Cecilia Jamasmie | January 26, 2015 | 7:18 pm

Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Cecilia Jamasmie | January 26, 2015 | 5:00 pm

Undisclosed number of diamonds stolen from South African mine

Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.

Cecilia Jamasmie | January 26, 2015 | 3:26 pm

Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

Cecilia Jamasmie | January 26, 2015 | 11:55 am

Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Cecilia Jamasmie | January 23, 2015 | 6:11 pm