Cecilia Jamasmie , Editor-in-Chief

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

Cecilia Jamasmie | June 21, 2012 | 12:24 am

When being the richest miner is not enough: become the largest holder of mineral rights in Brazil

The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato Grosso do Sul, with 9,362.98 hectares under his control.

Cecilia Jamasmie | June 20, 2012 | 4:25 pm

Brazil’s rejects iron tax but that isn’t the problem

Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are threatening the country’ iron ore expansions.

Cecilia Jamasmie | June 20, 2012 | 3:12 pm

Rio Tinto breaks the piggy: $4.2 billion investment to boost its iron ore business

Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier iron ore projects.

Cecilia Jamasmie | June 20, 2012 | 2:00 pm

Anglo and Codelco’s bitter dispute over copper assets in Chile may end this Friday

London-based Anglo American (LSE:AAL) and Chile's state-owned Codelco have set this Friday as the deadline to resolve a dispute over billions of dollars in copper assets.

Cecilia Jamasmie | June 20, 2012 | 1:04 pm

San Gold expands operations by acquiring three gold properties in Ontario

TSX-listed San Gold is increasing its footprint in Ontario after it signed an agreement on Tuesday to buy three mineral properties from exploration junior Opawica Explorations for about ten million shares.

Cecilia Jamasmie | June 20, 2012 | 12:33 pm

Zimbabwe confirms army ownership of diamond mine

Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.

Cecilia Jamasmie | June 19, 2012 | 4:28 pm

Fatalities at Gem Diamonds’ Botswana mine delays production until 2014

Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death of two workers.

Cecilia Jamasmie | June 19, 2012 | 3:47 pm

Rio Tinto invests $600 million to extend life of Utah copper mine

Rio Tinto Copper's Chief Executive, Andrew Harding, said the investment will secure low cost copper, gold and molybdenum production for the company in next two decades.

Cecilia Jamasmie | June 19, 2012 | 3:13 pm

Uranium market to pick up as reactors come back

Australia-based Foster Stockbroking said Tuesday that an industry-wide restart would boost global uranium demand by 30 million pounds a year which could act as a catalyst to flagging uranium prices.

Cecilia Jamasmie | June 19, 2012 | 2:43 pm

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