Cecilia Jamasmie , Editor-in-Chief

Australian Crusader Resources to invest $400 million in Brazil gold mine

Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The project is expected to be one of the biggest gold mines in the country.

Cecilia Jamasmie | May 22, 2012 | 6:41 pm

DiamondCorp agrees on a $33.6 million loan deal with South Africa’s IDC

African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.

Cecilia Jamasmie | May 22, 2012 | 4:21 pm

Xstrata relies on China to lift copper demand

Copper demand in China, the world's main consumer of the red metal, is expected to rebound in the second half of 2012, despite the uncertain outlook for Europe, the head of Xstrata PLC's copper division said.

Cecilia Jamasmie | May 22, 2012 | 2:54 pm

BHP Billiton to restart manganese operations in Tasmania by the end of August

BHP Billiton (NYSE:BHP) surprised the market this morning with good news by announcing it will restart its TEMCO manganese operations in Tasmania by the end of August.

Cecilia Jamasmie | May 22, 2012 | 2:11 pm

Rio Tinto donates $12 million biggest pink diamond to a museum

London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in Melbourne, reports The West.

Cecilia Jamasmie | May 22, 2012 | 1:17 pm

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.

Cecilia Jamasmie | May 22, 2012 | 12:41 pm

McEwen considers selling the Los Azules Project in Argentina

McEwen Mining (TSX and NYSE:MUX) President and CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects.

Cecilia Jamasmie | May 18, 2012 | 5:22 pm

Planetary Resources doesn’t want more people onboard its asteroids-mining ship

Less than a month after officially launching its asteroid-mining plans, Google’s billionaire co-founders and filmmaker James Cameron’s owned company Planetary Resources, has already decided not to accept any more job applications.

Cecilia Jamasmie | May 18, 2012 | 5:20 pm

China is developing a grid better for coal than renewables: report

China won’t meet its carbon and energy intensity targets unless dramatic changes to its electricity grid are applied, says a study by U.S.-based Energy Transition Research Institute.

Cecilia Jamasmie | May 18, 2012 | 3:59 pm

Peru’s illegal mining exports problem worse than drug trafficking: report

Peru’s illegal mining exports reached $1.8 billion in 2011, exceeding even drug trafficking profits, which accounted for $1.2 billion, said local consultancy firm Macroconsult.

Cecilia Jamasmie | May 18, 2012 | 3:51 pm

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