Cecilia Jamasmie, Author at MINING.COM

Chile’s copper export revenue drops 8% to $3.6 billion in April

Chile’s copper export revenue fell 8% to about $3.6 billion in April 2012, compared to the same period last year, when it was lifted by high prices of the commodity, the country’s Central Bank informed today.

Cecilia Jamasmie | May 7, 2012 | 5:28 pm

Guide to surviving the global mining crisis launched

Canadian Baja Mining continues to struggle over funding for Mexico project

Canadian miner Baja Mining Corp (TSX:BAJ) said on Monday it won’t be able to continue with its copper/cobalt/zinc project in Mexico beyond mid-June, unless it finds a way to fund cost overruns quickly.

Cecilia Jamasmie | May 7, 2012 | 4:42 pm

China wants to take over the world’s largest undeveloped iron ore project

A private group of Chinese magnates is planning to take away Guinea’s Simandou, the world's largest undeveloped iron ore project, from Anglo-Australian mining giant Rio Tinto.

Cecilia Jamasmie | May 7, 2012 | 4:04 pm

Canada’s Leader of the Opposition targets oil sands again

Canada's Leader of the Opposition, Thomas Mulcair, again attacked the oil sands industry by saying that, because of the way it raises the value of the Canadian dollar, other parts of the country are paying a price for the prosperity enjoyed by natural resource sectors, such as the oil sands in Alberta.

Cecilia Jamasmie | May 7, 2012 | 2:12 pm

Canadian Inmet set to kick off construction at Cobre Panama

Inmet Mining Corporation (TSX:IMN) has launched a $1 billion senior unsecured notes offering as part of a total finance plan for the $6.18 billion copper/gold/molybdenum project Cobre Panama.

Cecilia Jamasmie | May 7, 2012 | 1:37 pm

New Chinese iron ore trading platform debuts tomorrow

The new China Beijing Metals Exchange (CBMX), the country’s first physical iron ore trading platform is set to debut Tuesday, with the major producers of the commodity BHP Billiton (NYSE:RIO), Vale (NYSE:VALE), Rio Tinto (NYSE:RIO) as members.

Cecilia Jamasmie | May 7, 2012 | 1:34 pm

Antofagasta shares hit by copper and gold production falls

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down over 4% at 11:20 ET after the company announced yesterday that its first-quarter copper production fell almost 13% amid rising development and maintenance costs.

Cecilia Jamasmie | May 4, 2012 | 3:49 pm

Argentina’s Parliament approves YPF takeover bill, irritating mayor foreign investors

Argentina's Congress voted 208-32 to move forward with a bill giving President Cristina Kirchner the green light to seize a 51% stake in the country's largest oil and gas producer, YPF SA from Spain's Repsol YPF SA.

Cecilia Jamasmie | May 4, 2012 | 2:28 pm

Why every miner wants to be Colombia’s new best friend

Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.

Cecilia Jamasmie | May 4, 2012 | 1:45 pm

Brazil’s Government wins latest round in Vale tax match

Brazilian mining giant Vale (NYSE:VALE) announced the country's Superior Court of Justice ruled in favour of the federal tax authority in its appeal against an injunction granted in March suspending payment of taxes on overseas profits by the company.

Cecilia Jamasmie | May 4, 2012 | 12:56 pm

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Cecilia Jamasmie , Editor-in-Chief

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