Cecilia Jamasmie , Editor-in-Chief

Legendary mining financier Robert Friedland quits Ivanhoe in Rio Tinto shake-up

Anglo-Australian mining giant Rio Tinto tightened its grip on Ivanhoe Mines as part of a $3.3 billion financing deal announced this morning, leading to the resignation of chief executive and founder Robert Friedland.

Cecilia Jamasmie | April 18, 2012 | 3:57 pm

Fresnillo’s silver production in line, while gold exceeds expectations

Precious metals miner Fresnillo (LON:FRES), the largest silver producer, reported its first-quarter silver production was in line with expectations, while it said higher-than-expected gold output, owing to the start up of its new Noche Buena mine.

Cecilia Jamasmie | April 18, 2012 | 3:26 pm

Peru’s decision on Newmont’s $4.8 billion Conga mine independent of any study: Government

The team of three international environmental consultants hired by Peru’s government has recommended significant changes to Newmont’s hindered $4.8 billion copper-gold project, the Conga mine. But the government is saying its final decision won’t be determined solely by this or any study.

Cecilia Jamasmie | April 18, 2012 | 2:36 pm

Lynas putting Malaysian opposition to its operations behind it: analysts

Australian analysts from Foster Stockbroking say confidence in rare earths miner Lynas Corporation (ASX:LYC) is returning after the Malaysian High Court dismissed an appeal against the company's Advanced Materials Plant (LAMP).

Cecilia Jamasmie | April 18, 2012 | 1:49 pm

Final report on Newmont’s $4.8 billion Conga gold project delivered to Peru’s Government

The long-awaited and twice-postponed report from international experts on the environmental impact study (EIS) for Newmont and Buenaventura’s US$4.8 billion copper-gold project, the Conga mine, is finally in the Peruvian government’s hands.

Cecilia Jamasmie | April 17, 2012 | 6:48 pm

Pele Mountain waves gold goodbye to focus on rare earths and uranium

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

Cecilia Jamasmie | April 17, 2012 | 4:35 pm

Canadian Rockwell Diamonds reports 77% increase in production

Canadian junior Rockwell Diamonds (TSX & JSE: RDI) reported today a 77% year-on-year increase in diamond production for the fourth quarter ended February 2012.

Cecilia Jamasmie | April 17, 2012 | 3:13 pm

BHP Billiton to start work on its Port Hedland outer harbour this week

BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner at least $10 billion.

Cecilia Jamasmie | April 17, 2012 | 2:48 pm

Harry Winston reports a 19% increase in production at its Diavik mine

Luxury jeweler and watchmaker Harry Winston Diamond Corp said today that production at its Diavik mine in Canada's Northwest Territories was up about 19% in the first quarter on improved grades.

Cecilia Jamasmie | April 17, 2012 | 1:38 pm

Mining companies to benefit from updated FTA between Canada and Chile

Canadian Prime Minister Stephen Harper and Chilean President Sebastian Piñera signed yesterday an agreement to upgrade the free trade deal between their two nations, which will benefit several miners with presence or planning to explore in the South American country.

Cecilia Jamasmie | April 17, 2012 | 12:59 pm

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