Cecilia Jamasmie , Editor-in-Chief

Posts by Cecilia Jamasmie:

Southern Copper delays $1 billion mine opening in Peru

Record annual earnings of more than $2 billion released today by key global copper producer Southern Copper Corp (NYSE:SCCO), were overshadowed by the company’s decision of pushing back the beginning of its operation at the $1 billion Tia Maria project until 2015.

Canaccord to raise a US$1-billion fund for Chinese investment in natural resources

Canadian merchant bank Canaccord Financial Inc. (TSX:CF) stocks were up almost 3 percent this morning after the company announced this morning that it will partner with the Import Export Bank of China to raise a US$1-billion fund promoting Chinese investment in natural resources around the world. The statement followed Canada’s Prime Minister Stephen Harper announcement of a series of multibillion-dollar trade and business deals, setting the table for a possible free trade agreement between Ottawa and Beijing.

Codelco forced to disclose Mitsui loan contract

A Chilean civil court ordered world's largest copper producer Codelco to publish the agreement for a financing deal of up $6.75 billion with Japan's Mitsui & Co. (TYO:8031), reports the online version of local newspaper El Mercurio.

Peru no longer the second major silver producer — Minister

Peru's Mines and Energy Ministry (MEM) reported a drop in the 2011 production of the country’s major export metals, including silver, copper, gold, lead, tin and zinc. Silver production fell 6.22% in 2011, compared to 2010; followed by copper (0.96%) and gold (0.04%). In contrast, iron ore and molybdenum production increased

Goldcorp chairman denies implication in insider trading scheme

Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading scheme that yielded profits of $962,000 for eight people involved in buying shares.
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Panama’s President blames previous gov’t for First Quantum mine crisis

The Cobre Panama mine paid the price for the accumulated national discontent, said President José Raúl Mulino.