Cecilia Jamasmie, Author at MINING.COM

Chinese Premier’s $2.7 billion fortune thanks largely to his wife ‘the Queen of Diamonds’ – report

Chinese Premier Wen Jiabao has accumulated vast wealth during his time in power, but reports of his $2.7 billion fortune —and the influence of his wife, Zhang Beili, the "Queen of China's Diamonds"— have been blocked in China.

Cecilia Jamasmie | October 26, 2012 | 3:20 pm

African Barrick Gold sinks on disappointing Q3 results

Shares in London-listed African Barrick Gold (LON:ABG) were falling by over 4% on Friday after rising costs and dipping production impacted the miner’s Q3 profit.

Cecilia Jamasmie | October 26, 2012 | 2:35 pm

Inmet sweetens bid for gold miner Petaquilla by 25%

Canadian gold miner Petaquilla Minerals Ltd. (TSX:PTQ) confirmed late Thursday it is studying an upgraded and final takeover offer by Inmet Mining Corp. (TSX:IMN), which is now offering about 25% more than $112-million it previously proposed.

Cecilia Jamasmie | October 26, 2012 | 12:54 pm

Myanmar poised to become new mining Mecca for Chinese investors

Chinese companies are seeking the wealth of mining opportunities that neighbouring Myanmar (ex-Burma) has to offer, as the country opens its economy to foreign investment after more than half a century of military ruling.

Cecilia Jamasmie | October 25, 2012 | 6:45 pm

South African unions sign deal with gold companies

The South African National Union of Mineworkers and two other unions signed Thursday a deal with industry body the Chamber of Mines (CoM), agreeing to a new pay structure for the strike-hit gold mining sector.

Cecilia Jamasmie | October 25, 2012 | 5:26 pm

Goldcorp injects optimism into mining sector: Q3 beat expectations

In times when most miners are reporting profit below estimates, Goldcorp (TSX:G)(NYSE:GG), posted better-than-expected third quarter results on Thursday as it benefited from operating improvements at Red Lake and Peñasquito, its two flagship operations.

Cecilia Jamasmie | October 25, 2012 | 2:35 pm

Australia’s mining tax proves a huge fiasco

Australia’s Federal Government has seen sunnier days as reports revealed Thursday it has not collected any revenue in the first three months of its much-debated Minerals Resource Rent Tax (MRRT).

Cecilia Jamasmie | October 25, 2012 | 11:34 am

Alberta oil sands to benefit Canada’s total economy: report

Alberta's oil sands will positively affect all Canadian provinces and will lead to billions of dollars of jobs and investment across the country, says a Conference Board of Canada report released Wednesday.

Cecilia Jamasmie | October 24, 2012 | 5:50 pm

AngloGold Ashanti fires 12,000 South African striking miners

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.

Cecilia Jamasmie | October 24, 2012 | 5:03 pm

Natural gas giant Encana posts $1.24-billion quarterly loss

Natural gas titan Encana Corporation (TSX: ECA) (NYSE: ECA) posted Wednesday a $1.24-billion net loss in its third quarter, driven mainly by lower natural gas prices over the past year, but it said it was still on track to meet its financial guidance for the full year.

Cecilia Jamasmie | October 24, 2012 | 3:20 pm