Cecilia Jamasmie , Editor-in-Chief

Antofagasta approves US$1.3 bn Antucoya copper project

Antofagasta PLC (ANTO.LN) announced that its board of directors has approved the development of the US$1.3 billion Antucoya copper project in the north of Chile.

Cecilia Jamasmie | December 14, 2011 | 4:38 pm

Coal demand to grow by 600,000 tonnes a day over the next five years, says IEA

Global demand and prices for coal will continue to expand aggressively over the next five years despite public calls for reducing reliance on the high-carbon fuel as a primary energy source, said the International Energy Agency (IEA) in its first ever report about the commodity.

Cecilia Jamasmie | December 14, 2011 | 4:04 pm

‘Don’t turn our cattle into cats,’ Malaysians tell Australia’s Lynas Corporation

Cows shrinking to the point they turn into cats and villagers wrapped in do-it-yourself anti-radiation suits are only some of the effects of allowingAustralia's Lynas Corporation to open a rare earths plant inMalaysia, according to not-so-subtle protest short satirical films populating YouTube these days.

Cecilia Jamasmie | December 14, 2011 | 2:42 pm

Buchans Minerals to create new base metal company

Atlantic Canada miner Buchans Minerals Corp (BMC.V) is selling stakes in three properties near Buchans, N.B., to SG Spirit Gold Inc. (SG.V) as part of its efforts to create a new company concentrating on developing base-metal mining opportunities in Newfoundland and New Brunswick.

Cecilia Jamasmie | December 13, 2011 | 3:49 pm

Endeavour Silver finds high-grade zones in Mexico

Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.

Cecilia Jamasmie | December 13, 2011 | 3:03 pm

Lucara receives record price for its Lesotho diamonds

A total of US$6.4 million obtained Lucara Diamond Corp. for the sale rough diamonds at its second tender of gems recovered from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats garnering an average price of $893 per carat.

Cecilia Jamasmie | December 13, 2011 | 2:02 pm

Lundin Mining foresees a rise in zinc and copper production in 2013 and 2014

Lundin Mining (TSE:LUN) said Monday that higher grades of ore and a ramp up of production is expected to boost zinc and copper production in 2013 and 2014.

Cecilia Jamasmie | December 12, 2011 | 5:08 pm

Fracking can cause water pollution: EPA

Environmentalists and academics alike welcomed the latest report by the U.S. Environmental Protection Agency (EPA), which confirms a link between hydraulic fracturing for natural gas —or fracking— to groundwater contamination.

Cecilia Jamasmie | December 12, 2011 | 4:15 pm

New mining minister appointed in Peru amid deepening crisis

Jorge Humberto Merino, an engineer who worked for the Peruvian government agency that promotes foreign investment, swore in last night as the new mines and energy minister, amid a mining crisis that has had the country under state of emergency since Dec. 4.

Cecilia Jamasmie | December 12, 2011 | 2:44 pm

Extract Resources calls shareholders to “take no action” regarding Chinese takeover bid

Australia's Extract Resources Ltd., owner of the world’s fourth-largest uranium deposit, advised shareholders to take no action regarding the $2.2 billion takeover bid from Chinese nuclear fuels supplier Guangdong Nuclear Power Corp (CGNPC).

Cecilia Jamasmie | December 9, 2011 | 6:39 pm

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