Cecilia Jamasmie , Editor-in-Chief

Lonmin says no to takeover bid by Xstrata

Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before tax of $698 million in the financial year ending in September.

Cecilia Jamasmie | November 9, 2012 | 1:23 pm

AngloGold mines on the mend – CEO

AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.

Cecilia Jamasmie | November 8, 2012 | 7:39 pm

Chile grants Finning International $500 million in mining contracts

Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies.

Cecilia Jamasmie | November 8, 2012 | 6:54 pm

Swiss jeweller unveils Disney princesses-inspired collection

Swiss luxury jeweller and watches manufacturer Chopard, in partnership with London store Harrods, has unveiled newest precious stones-based collection inspired by Walt Disney’s Princesses.

Cecilia Jamasmie | November 8, 2012 | 5:59 pm

Chevron’s assets embargoed after $19 billion fine

An Argentine court has ordered to embargo Chevron assets in the South American country to help enforcing an Ecuadorean court resolution that fined the oil and natural gas giant for $19 billion in environmental damages.

Cecilia Jamasmie | November 8, 2012 | 5:23 pm

Centerra shares drop despite increasing reserve estimate of major gold project

Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.

Cecilia Jamasmie | November 8, 2012 | 4:28 pm

Australian miners find new ways of getting buzzed

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.

Cecilia Jamasmie | November 8, 2012 | 3:42 pm

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.

Cecilia Jamasmie | November 8, 2012 | 2:43 pm

Lynas wins battle against activists, gears up to start rare earths production in Malaysia

Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.

Cecilia Jamasmie | November 8, 2012 | 1:41 pm

Output up 72.4% at Chile’s Escondida copper mine

Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.

Cecilia Jamasmie | November 7, 2012 | 6:58 pm

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