Cecilia Jamasmie , Editor-in-Chief

Posts by Cecilia Jamasmie:

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.

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.

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.

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.
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Diamond mining industry cracks under pressure

The global diamond industry is reeling from plunging revenues, halted operations, and doubts about its relevance.