Cecilia Jamasmie, Author at MINING.COM

Copper, gold and money laundering: Peru main exports in 2012

Freeport to start $4 billion Peru’s copper mine expansion in 2013

Freeport-McMoRan Copper & Gold (NYSE: FCX) will start its $4 billion mill expansion at the Cerro Verde copper operation in Peru next year, said CEO Richard Adkerson a conference call to discuss second quarter results published Thursday.

Cecilia Jamasmie | July 20, 2012 | 5:48 pm

Major Anglo American reshuffle as Amplats CEO walks away

Neville Nicolau, the head of Anglo American’s platinum business is leaving the company, after the South African unit warned its earnings per share for the first half could drop as much as 78%.

Cecilia Jamasmie | July 20, 2012 | 3:40 pm

Seaway pipeline expansion almost ready: operators‎

Canadian Enbridge and Enterprise Products Partners LP have nearly completed work on the Seaway pipeline to increase its capacity from 150,000 to 400,000 barrels per day.

Cecilia Jamasmie | July 20, 2012 | 2:58 pm

Colombian coal miners’ strike forces Drummond to call partial force majeure

Colombian coal miners’ strike risks Glencore operation

Following a series of recent protests and other problems affecting stage.mining.companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.

Cecilia Jamasmie | July 20, 2012 | 1:21 pm

De Beers’ profit down 53%; Venetia expansion still going ahead

Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.

Cecilia Jamasmie | July 20, 2012 | 9:31 am

Depressed coal prices force job cuts at Rio Tinto’s mine

Rio Tinto (LON:RIO) is looking to reduce costs at its Australia’s Clermont Coal Mine, in central Queensland's Bowen Basin, driven by falling coal prices.

Cecilia Jamasmie | July 19, 2012 | 4:19 pm

Argentine glaciers scupper Osisko’s Famatina project

An Argentine court ruled Wednesday in favour of suspending Famatina, a gold exploration project led by Canadian company Osisko (TSX:OSK), until a new ruling outlawing mining near glaciers is applied in the area.

Cecilia Jamasmie | July 19, 2012 | 3:03 pm

Equity financings for gold companies hit four-year low

Halifax-based Metals Economics Group (MEG) published Thursday its Pipeline Activity Index (PAI), which shows equity financing conditions continue to take their toll, as gold companies were able to raise only $445 million through equity placements in May-June—the lowest two-month total since late 2008.

Cecilia Jamasmie | July 19, 2012 | 1:47 pm

Credit Suisse boosts mining division by luring Morgan Stanley’s top expert

Credit Suisse announced Wednesday it recruited David Hammond, the well-known mining banker from Morgan Stanley, to head up the mining and metals efforts of the Swiss bank worldwide.

Cecilia Jamasmie | July 19, 2012 | 12:54 pm

Chile’s Codelco closer to start $12.8 million phase of El Teniente expansion

Chilean state giant Codelco, the world's largest copper producer, submitted Wednesday an environmental permit request to go ahead with its $12.8 million project to maximize the benefit from ore extracted from El Teniente copper mine, the company’s most profitable division. The initiative is part of the $2.2 billion expansion for El Teniente.

Cecilia Jamasmie | July 18, 2012 | 6:17 pm