Cecilia Jamasmie, Author at MINING.COM

Uranium prices to hit rock bottom this year

With the price of uranium down about 25% from levels reached before the Japanese earthquake and nuclear disaster in Japan last year, the least the industry wanted to hear was what the latest edition of the Scotiabank Commodity Price Index had to say: the yellow material prices may well bottom in 2012.

Cecilia Jamasmie | May 11, 2012 | 1:28 pm

US regulators try again on commodities trading limits

South African government granted right to appeal in Sishen mineral rights case

A South African court on Friday granted the Department of Mineral Resources and Imperial Crown Trading (ICT) permission to appeal in a complex case for limited rights at Sishen, one of the world’s largest iron-ore mines.

Cecilia Jamasmie | May 11, 2012 | 12:27 pm

Protesters want Rio Tinto off the Olympic podium

A protest against London 2012 sponsor Rio Tinto (LON & NTSE:RIO), which has supplied the metal to make the Olympic and Paralympic medals, welcomed the company’s shareholders this morning in Brisbane, Australia, where the annual meeting of the company’s board was taking place.

Cecilia Jamasmie | May 10, 2012 | 4:00 pm

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Cecilia Jamasmie | May 10, 2012 | 1:32 pm

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Cecilia Jamasmie | May 10, 2012 | 1:02 pm

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.

Cecilia Jamasmie | May 10, 2012 | 12:18 pm

Canadian Teck Resources shows renewed interest for the iron ore industry

Canadian miner giant Teck Resources Ltd. (NYSE:TCK, TSX:TCK.B) is interested in entering the iron ore industry and would seek to acquire a producing asset rather than develop a mining project, chief executive Don Lindsay told Bloomberg yesterday at the Canada Economic Summit, in Toronto.

Cecilia Jamasmie | May 9, 2012 | 3:34 pm

Anglo American Platinum to adopt fuel cell locomotive

Anglo American Platinum (Amplats), the world’s largest platinum producer, launched today the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa.

Cecilia Jamasmie | May 9, 2012 | 2:51 pm

Doctor Glencore predicts ‘healthy’ demand for raw materials

Swiss commodities trader Glencore International PLC (LON:GLEN) painted a rosy outlook for the worldwide demand for raw materials this year, as China and the U.S. help offset the impact of the slump in Europe.

Cecilia Jamasmie | May 9, 2012 | 2:15 pm

Collapse in Canadian mining deals in midst of global uncertainty

While 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion in the global mining sector, 2012 is not looking so good, at least not for Canada. The value of mining M&A tumbled 50% in the first quarter compared to the prior three months, with only one deal over $1 billion, said KPMG in a report.

Cecilia Jamasmie | May 9, 2012 | 12:56 pm

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Cecilia Jamasmie , Editor-in-Chief

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