Cecilia Jamasmie, Author at MINING.COM

Ecuador on the verge of closing second large-scale mining deal

Ecuador’s government and Canada’s Kinross Gold could sign an agreement in June to develop the long-delayed “Fruta del Norte” gold project, the country’s largest mine, reports local newspaper El Telégrafo.

Cecilia Jamasmie | March 19, 2012 | 4:30 pm

Commodity prices drive TSX up, while Wall Street opened mixed

The Toronto Stock Exchange opened this morning moderately higher as commodity prices increased driven mainly by traders’ hopes of a U.S. housing market in recovery mode.

Cecilia Jamasmie | March 19, 2012 | 2:01 pm

Australia’s controversial coal and iron mining tax passes the Senate

The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.

Cecilia Jamasmie | March 19, 2012 | 12:54 pm

Peru’s illegal miners protests on hold after three died yesterday

Thousands of informal miners suspended their indefinite protest in the gold-rich Peru’s Madre de Dios region after three gold miners were killed in clashes with police yesterday.

Cecilia Jamasmie | March 16, 2012 | 3:00 pm

Korea Resources wants at least 10% of world’s largest met coal deposit

State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.

Cecilia Jamasmie | March 16, 2012 | 1:34 pm

American businessmen accused of using fake gold mine to get $1m from investors

Codelco’s battle with Anglo American worsens, threating Anglo’s business

Chilean copper giant Codelco is preparing new legal actions in its dispute with Anglo American (LSE:AAL) as the company is not satisfied with the documents submitted Wednesday to a civil court by the London-based company.

Cecilia Jamasmie | March 15, 2012 | 4:11 pm

Australian mining magnate sues the Government for carbon tax

Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government's carbon tax, he told ABC News’ 7.30 Report.

Cecilia Jamasmie | March 15, 2012 | 2:55 pm

Harmony Gold’s workers mining their own business: company to give them 2,9% ownership

Over 33,000 workers of Harmony Gold Mining (NYSE:HMY), South Africa's third-biggest gold producer, will be owners of direct shares in the company thanks to its employee share ownership plan (ESOP), announced CEO Graham Briggs today.

Cecilia Jamasmie | March 15, 2012 | 12:38 pm

Impala Platinum transferring 51% of mine stake to Zimbabwe’s government called ‘naive and irresponsible’

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government of that country.

Cecilia Jamasmie | March 14, 2012 | 3:59 pm

Japan buys US$435m Xstrata’s stake in Canadian coal operations

Japanese JX Nippon Oil & Energy acquired a 25% of diversified miner Xstrata Coal operations in Western Canada for US$435 million, creating a joint venture that will build the business and market coal in Japan.

Cecilia Jamasmie | March 14, 2012 | 1:59 pm

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Cecilia Jamasmie , Editor-in-Chief

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