Cecilia Jamasmie, Author at MINING.COM

Barrick pursuing acquisitions despite operations and projects review

Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.

Cecilia Jamasmie | August 7, 2012 | 1:40 pm

Xstrata to create world’s biggest zinc mine

Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.

Cecilia Jamasmie | August 7, 2012 | 12:52 pm

AngloGold Ashanti’s Latin America profit plunges 52%

AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.

Cecilia Jamasmie | August 7, 2012 | 12:52 pm

Unions stop Codelco from selling off Gaby

The board of Codelco has authorized its chief executive, Thomas Keller, to go ahead with feasibility studies to turn its subsidiary Gabriela Mistral into a new business division.

Cecilia Jamasmie | July 27, 2012 | 4:35 pm

Weak gold prices, Australian charge drive Newmont's $2bn loss

Anglo American disappoints: profits down 40% and Minas Rio delayed another year

The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.

Cecilia Jamasmie | July 27, 2012 | 2:59 pm

Rio Tinto in talks to sell Diavik diamond mine to Harry Winston

A deal between Rio Tinto and Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of the Diavik Mine, might be around the corner.

Cecilia Jamasmie | July 27, 2012 | 12:58 pm

Ex convicts to fill out job vacancies at Billiton’s Olympic Dam

While the Australian government has started allowing miners to hire foreign workers to ease a labour shortage in the country, some companies such as BHP Billiton and Rio Tinto have chosen to launch their own recruitment initiatives.

Cecilia Jamasmie | July 26, 2012 | 3:54 pm

Potash Corp. cuts profit hopes as earnings slide

Potash Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.

Cecilia Jamasmie | July 26, 2012 | 3:00 pm

Vale the newest casualty of China’s slowdown

Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.

Cecilia Jamasmie | July 26, 2012 | 2:04 pm

Barrick misses expectations and delays Pascua-Lama

Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.

Cecilia Jamasmie | July 26, 2012 | 12:42 pm