Cecilia Jamasmie, Author at MINING.COM

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Cecilia Jamasmie | May 10, 2012 | 1:02 pm

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.

Cecilia Jamasmie | May 10, 2012 | 12:18 pm

Canadian Teck Resources shows renewed interest for the iron ore industry

Canadian miner giant Teck Resources Ltd. (NYSE:TCK, TSX:TCK.B) is interested in entering the iron ore industry and would seek to acquire a producing asset rather than develop a mining project, chief executive Don Lindsay told Bloomberg yesterday at the Canada Economic Summit, in Toronto.

Cecilia Jamasmie | May 9, 2012 | 3:34 pm

Anglo American Platinum to adopt fuel cell locomotive

Anglo American Platinum (Amplats), the world’s largest platinum producer, launched today the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa.

Cecilia Jamasmie | May 9, 2012 | 2:51 pm

Doctor Glencore predicts ‘healthy’ demand for raw materials

Swiss commodities trader Glencore International PLC (LON:GLEN) painted a rosy outlook for the worldwide demand for raw materials this year, as China and the U.S. help offset the impact of the slump in Europe.

Cecilia Jamasmie | May 9, 2012 | 2:15 pm

Collapse in Canadian mining deals in midst of global uncertainty

While 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion in the global mining sector, 2012 is not looking so good, at least not for Canada. The value of mining M&A tumbled 50% in the first quarter compared to the prior three months, with only one deal over $1 billion, said KPMG in a report.

Cecilia Jamasmie | May 9, 2012 | 12:56 pm

‘Martian Pink’ diamond expected to fetch more than $8 million

"Martian Pink," the biggest pink diamond ever to appear at an auction, is expected to fetch more than $8 million dollars when it is sold at Christie's Magnificent Jewels Spring Sale on May 29 in Hong Kong, reports KeycTV.

Cecilia Jamasmie | May 8, 2012 | 6:47 pm

Dinosaur intestinal gases possible cause of Prehistoric global warming

Forget about carbon emissions and greenhouse gases (GHGs) emitted by humans. Sauropods — the long-necked, long-tailed dinosaurs that included some of the largest terrestrial animals ever known— could have been the first to warm the Earth's climate thanks to their massive amounts of methane-producing flatulence, says Tuesday's edition of Current Biology.

Cecilia Jamasmie | May 8, 2012 | 3:45 pm

New China iron ore exchange trades 242,000 tonnes on first day

A total of 242,000 tonnes of iron ore were traded on the first day of business on China’s first physical iron ore trading platform, China Beijing Mining Exchange (CBMX) said in a press release.

Cecilia Jamasmie | May 8, 2012 | 2:35 pm

Driverless trucks and trains to expand in Australia: Rio Tinto

Giant miner Rio Tinto (LON and NYSE: RIO) says the automation technology being rolled out in driverless trucks and trains in the Pilbara will soon move to the Bowen Basin, the major coal producing region in Australia.

Cecilia Jamasmie | May 8, 2012 | 2:07 pm