Cecilia Jamasmie , Editor-in-Chief

Vale’s profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.

Cecilia Jamasmie | April 26, 2012 | 4:18 pm

France’s Dassault to acquire Canadian mining software firm Gemcom for $360 million

French software and consulting services group Dassault Systèmes (EPA:DSY) unveiled today its plans to take over Canadian mining software provider Gemcom, in a cash deal worth about $360 million.

Cecilia Jamasmie | April 26, 2012 | 2:58 pm

Barrick sells stake in Russian Highland Gold Mining cheap

Barrick Gold (NYSE:ABX)(TSX:ABX) announced today the sale of its entire 20% stake in Highland Gold Mining Limited (LON:HGM), the AIM-quoted Russian gold producer, at a price of 120 pence per share to undisclosed institutional investors.

Cecilia Jamasmie | April 26, 2012 | 2:40 pm

Should the blood diamond concept be applied to other minerals?

Please go to our Facebook page and let us know if you think the blood diamond concept – where minerals from conflict zones are classified and monitored in a way similar to the Kimberley Process - should be applied to other minerals.

Cecilia Jamasmie | April 26, 2012 | 1:29 pm

Historic verdict: Liberian ex-president Charles Taylor guilty of war crimes and fuelling conflict with blood diamonds

Liberian ex-president, Charles Taylor, was convicted today of war crimes for arming Sierra Leone's rebels in return for blood diamonds during the 1991-2002 civil war by a United Nations-backed court.

Cecilia Jamasmie | April 26, 2012 | 1:11 pm

Chilean court denies Codelco bid to freeze Anglo American’s dividends

Diversified miner Anglo American Plc. (LON:AAL) announced today the 14th Civil Court of Santiago has rejected state copper giant Codelco's latest petition to freeze 49% of the dividends paid by the Sur Division of the London-based miner.

Cecilia Jamasmie | April 25, 2012 | 5:08 pm

Rio Tinto finalizes Guinea JV with Chinese aluminum giant

Anglo-Australian diversified miner Rio Tinto announced today it has completed the formation of its joint venture with a group led by China's Chalco, subsidiary of state-owned aluminum giant Chinalco, to operate the Simandou iron ore project in Guinea.

Cecilia Jamasmie | April 25, 2012 | 4:27 pm

Patagonia Gold on track for gold production target of 200,000 ounces a year by 2015

Patagonia Gold (LON:PGD) (TSX:PAT), an Argentina-focused gold and silver producer, said today it achieved rapid progress in 2011 and is on track towards its goal of producing 200,000 ounces of gold per year by 2015.

Cecilia Jamasmie | April 25, 2012 | 3:27 pm

Canadian Westridge Resources extends high grades at its flagship Charay project in Mexico

Canadian junior mineral exploration and development company Westridge Resources (TSX-V:WST) is living up to its ‘Midas’ touch’ reputation among market watchers, after the company announced today it has extended high grades in the El Padre Vein, at its Charay Project in Mexico.

Cecilia Jamasmie | April 25, 2012 | 2:49 pm

Caterpillar profits in Q1 beat analysts expectations

Caterpillar Inc. (NYX:CAT), the world’s largest manufacturer of earthmoving equipment by revenues, injected some optimism on the U.S. economy today, after announcing profits for the first quarter well above of Wall Street expectations.

Cecilia Jamasmie | April 25, 2012 | 1:57 pm

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