Cecilia Jamasmie, Author at MINING.COM

When $6 billion is not enough: Australian mining billionaire to sue newspaper for $50 million

Australian mining billionaire Clive Palmer is threating to sue the Sydney Morning Herald, one of the most respected daily newspapers in Down Under, for $50 million over "totally false and improper claims" about his China First coal mine.

Cecilia Jamasmie | May 14, 2012 | 1:00 pm

Firestone Diamonds recovered three large rocks at Lesotho mine

Junior miner Firestone Diamonds announced today it has found three large diamonds at its Liqhobong mine in Lesotho and that first quarter production at the location was looking up.

Cecilia Jamasmie | May 14, 2012 | 12:12 pm

Kimberley Process executive calls to redefine concept of conflict diamond

Kimberley Process leader Gillian Milovanovic has proposed a new definition of conflict diamonds to include acts of violence during his presentation at the opening of the 8th World Diamond Council (WDC) meeting in Vicenza, Italy.

Cecilia Jamasmie | May 14, 2012 | 11:56 am

Gold falls to four-month lows

Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.

Cecilia Jamasmie | May 11, 2012 | 4:00 pm

Mining Truck - Goldcorp Announces Secondary Offering of Shares of Tahoe Resources

The mining industry’s future belongs to robots

Automated operations are winning over today’s mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions.

Cecilia Jamasmie | May 11, 2012 | 3:45 pm

Vale’s $4 billion Apolo iron ore project in Brazil jeopardized

Mining giant Vale (NYSE:VALE) is having second thoughts about going ahead with its $4 billion Apolo iron ore project in southeast Brazil, which may be affected by the federal government's decision to create a nature reserve in the area.

Cecilia Jamasmie | May 11, 2012 | 2:42 pm

Uranium prices to hit rock bottom this year

With the price of uranium down about 25% from levels reached before the Japanese earthquake and nuclear disaster in Japan last year, the least the industry wanted to hear was what the latest edition of the Scotiabank Commodity Price Index had to say: the yellow material prices may well bottom in 2012.

Cecilia Jamasmie | May 11, 2012 | 1:28 pm

US regulators try again on commodities trading limits

South African government granted right to appeal in Sishen mineral rights case

A South African court on Friday granted the Department of Mineral Resources and Imperial Crown Trading (ICT) permission to appeal in a complex case for limited rights at Sishen, one of the world’s largest iron-ore mines.

Cecilia Jamasmie | May 11, 2012 | 12:27 pm

Protesters want Rio Tinto off the Olympic podium

A protest against London 2012 sponsor Rio Tinto (LON & NTSE:RIO), which has supplied the metal to make the Olympic and Paralympic medals, welcomed the company’s shareholders this morning in Brisbane, Australia, where the annual meeting of the company’s board was taking place.

Cecilia Jamasmie | May 10, 2012 | 4:00 pm

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Cecilia Jamasmie | May 10, 2012 | 1:32 pm