Cecilia Jamasmie , Editor-in-Chief

Golden Predator acquires Brewery Creek gold mining project in Yukon

Canadian junior gold miner Golden Predator Corp. (TSX:GPD) has agreed to buy the Brewery Creek project in the Yukon from Alexco Resource Corp. (TSX:AXR) in a cash-and-stock deal worth about $8 million, announced the company today

Cecilia Jamasmie | February 15, 2012 | 3:06 pm

Rio Tinto and BHP to finance huge expansion at Escondida in Chile

A week after announcing substantial profits and the expansion of their vast Western Australia iron ore operations, BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE:RIO) said yesterday that they would spend $US 4.5 billion on the Escondida copper mine in Chile.

Cecilia Jamasmie | February 15, 2012 | 2:17 pm

Australia’s NSW state overturns 26-year-old uranium ban

Uranium exploration in Australia’s eastern state of New South Wales (NSW) may soon become a reality after Premier Barry O'Farrell's cabinet checked off on a proposal to reverse a 26-year-old ban, reports the Sydney Morning Herald.

Cecilia Jamasmie | February 14, 2012 | 5:02 pm

Anglo American/Codelco secret talks fiasco could extend legal battle up to five years

After over two months of futile negotiations behind closed doors between Chile's state-owned copper giant Codelco and global miner Anglo American, a resolution of the dispute that have seen both parties sunk in a legal battle seems far off, said Codelco's CEO Diego Hernandez to a local daily.

Cecilia Jamasmie | February 14, 2012 | 2:32 pm

Barrick walks away from venture with gold Russian explorer

Russia-focused gold producer Highland Gold Mining Ltd. (LON:HGM) shares were falling dramatically this morning after the company announced that Canadian Barrick Gold Corp. (TSE:ABX) would to sell its 20.4 per cent stake in the company, as it no longer considered the investment as core to its business operations and strategy.

Cecilia Jamasmie | February 13, 2012 | 3:11 pm

Australian mines desperate for skilled workers

Mining companies in Australia are considering to fly foreign workers directly to their operations as the country, particularly the north-east state of Queensland, struggles to fill massive job shortages, reports local media outlet Adelaide Now.

Cecilia Jamasmie | February 13, 2012 | 2:30 pm

South Africa miners turn violent in costly Implats strike

Cecilia Jamasmie | February 12, 2012 | 2:38 pm

De Beers expects dull year for diamonds despite sales increase of 27%

Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.

Cecilia Jamasmie | February 10, 2012 | 2:39 pm

DiamondCorp walks away from its Botswana kimberlite project

DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the company today.

Cecilia Jamasmie | February 10, 2012 | 1:50 pm

ABB completes acquisition of Mincom

Swiss engineering company ABB, through its subsidiary software developer Ventyx, announced that it has completed the organizational integration of Mincom, an Australian leading global supplier of enterprise asset and work management software, following the company’s acquisition in May 2011.

Cecilia Jamasmie | February 10, 2012 | 12:43 pm

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