Cecilia Jamasmie, Author at MINING.COM

Analysts say dump Lynas

Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.

Cecilia Jamasmie | August 10, 2012 | 12:25 pm

Randgold posts record production from its Mali mine despite unrest

Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold output.

Cecilia Jamasmie | August 9, 2012 | 5:31 pm

Mining equipment maker Bradken shy on investments despite record profit

Australian industrial equipment maker Bradken said it would take a careful approach to spending in the face of "limited visibility" caused by the global economic woes.

Cecilia Jamasmie | August 9, 2012 | 4:18 pm

Goldcorp appoints new chief operating officer

Canadian miner Goldcorp appointed George Burns as the new executive vice president and chief operating officer. Burns replaces Steve Reid, who is leaving the company to pursue other interests.

Cecilia Jamasmie | August 9, 2012 | 3:18 pm

Glencore gets a bigger piece of the iron ore pie with Bellzone’s output offtake

Shares of iron miner Bellzone were on the rise this morning after the company agreed to sell all of its share of output from the Forecariah mine in Guinea to commodities trading giant Glencore.

Cecilia Jamasmie | August 9, 2012 | 2:16 pm

Xstrata to lavish $260,000 on every resident of tiny Australian town

Wandoan, with a population of less than 380 people, could get about $106 million from mining giant Xstrata if the Swiss company decides to go ahead with its $6 billion coal project bordering the local community.

Cecilia Jamasmie | August 9, 2012 | 1:28 pm

Rio Tinto banking on China rebound as profits drop 34%

Giant miner Rio Tinto is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year.

Cecilia Jamasmie | August 8, 2012 | 5:53 pm

Hecla Mining’s bid to take over US Silver falls through

US Silver board of directors voted instead to merge with Canadian RX Gold & Silver and form a new firm.

Cecilia Jamasmie | August 8, 2012 | 4:37 pm

South Africa’s gold production continues to fall

South Africa's total mineral production grew 4.2% in June but the negative trend in gold output continued its course with bullion output dropping 4% by volume.

Cecilia Jamasmie | August 8, 2012 | 3:21 pm

Coeur d’Alene beats analysts’ estimates, acquire Hundra Silver shares

USA’s largest primary silver producer, Coeur d’Alene Mines (NYSE:CDE)(TSX:CDM), reported a second-quarter profit on Tuesday that beat analysts' estimates thanks to cost cutting and improved gold production results at its Kensington gold mine in Alaska.

Cecilia Jamasmie | August 8, 2012 | 1:16 pm