Cecilia Jamasmie, Author at MINING.COM

Caterpillar profit drops for second successive quarter due to weak mining demand

Caterpillar shuts locked out Electro-Motive plant in Canada

American-based heavy equipment maker Caterpillar (NYSE:CAT) through its subsidiary Electro-Motive Canada (EMC), said today that it is closing EMC's locomotive production operations at its London, Ontario plant, after several months of unsuccessful contract negotiations with the Canadian Auto Workers union.

Cecilia Jamasmie | February 3, 2012 | 5:33 pm

Despite violent demonstrations and a cancelled inauguration ceremony, Latin American Minerals starts operations in Paraguay

A day after violent demonstrations forced the cancellation of the grand opening of its newly minted Independencia Mine in Paraguay, Latin American Minerals (CVE:LAT)(OTCQX:LATNF) announced that it began operations at its Pilot Plant facility, located at the Paso Yobai gold project.

Cecilia Jamasmie | February 3, 2012 | 3:35 pm

Cluff Gold expands its mining operations in West Africa

Cluff Gold (TSX:CFG) (AIM:CLF), a gold miner focused mainly in West Africa, announced on Friday that it will buy Orezone Gold’s Sega gold project mining licences and property in Burkina Faso for 11-million shares and $15-million in cash.

Cecilia Jamasmie | February 3, 2012 | 1:50 pm

Xstrata and Glencore went from dating to a (more) serious relationship

The long-term fling between mining group Xstrata PLC (LON:XTA) and commodities trader Glencore International PLC (LON:GLEN) is getting serious. In a statement in response to increasing speculation about an upcoming merger, Xstrata confirmed today that it is in negotiations with Glencore.

Cecilia Jamasmie | February 2, 2012 | 2:23 pm

BHP axes nickel operations in Western Australia

BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.

Cecilia Jamasmie | February 1, 2012 | 3:43 pm

BHP Billiton exits titanium industry by selling stake in Richards Bay Minerals to Rio Tinto

BHP Billiton Limited (ASX:BHP) said Wednesday that it is selling its 37% non-operated interest in South African mineral sands venture Richards Bay Minerals to partner Rio Tinto PLC (LON:RIO). With this move, BHP is officially leaving the titanium minerals industry.

Cecilia Jamasmie | February 1, 2012 | 2:39 pm

London Mining makes first shipment from Sierra Leone

Junior miner London Mining’s stocks (LON:LOND) went up almost five per cent today as the company announced two major milestones: the first shipment of iron ore from its Marampa project in Sierra Leone and the commencement of production of coking coal in Colombia.

Cecilia Jamasmie | February 1, 2012 | 2:10 pm

Teck acquires oil sands partner SilverBirch for C$435M

Teck Resources Ltd. (TSX:TCK.A) announced today that it will acquire its oilsands partner SilverBirch Energy Corp. (TSXV:SBE) for over C$435 million.

Cecilia Jamasmie | January 9, 2012 | 4:09 pm

China’s Minmetals offer to buy Anvil Mining shares extended to mid February

China’s Minmetals Resources Ltd has, once again, extended its $1.3 billion takeover offer for Africa-focused copper miner Anvil Mining Ltd (TSX:AVM) to Feb. 16. This is the third time that Minmetals offer has been extended since the deal got the go ahead by the Australian Foreign Investment Review Board, last October.

Cecilia Jamasmie | January 9, 2012 | 2:29 pm

Philippines shutting down hundreds of mines due to major landslide

The Philippine government on Friday ordered the shutdown of 500 small mines threatened by landslides in a southern town where a chunk of a mountain tumbled down on sleeping residents and killed at least 27 people.

Cecilia Jamasmie | January 6, 2012 | 2:39 pm

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Cecilia Jamasmie , Editor-in-Chief

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