Cecilia Jamasmie, Author at MINING.COM

Anglo American reports solid 2011 profits thanks to coal and diamonds

London-based giant miner Anglo American PLC (LON:AAL) announced today record $13.3-billion 2011 earnings, a 23% increase in underlying earnings a share and a 14% increase in annual operating profits to $11.1 billion.

Cecilia Jamasmie | February 17, 2012 | 2:08 pm

Xstrata sells two African coal assets

Xstrata, one of the world's largest thermal coal exporters, announced today that it has completed the sale of two Mpumalanga collieries to black economic-empowered (BEE) group Imbawula, for an unrevealed sum.

Cecilia Jamasmie | February 16, 2012 | 2:19 pm

Barrick Gold’s profit growth lower than expected

Barrick Gold Corp. (TSX:ABX), the world’s biggest gold miner, announced that profit slipped in the fourth quarter as the company booked US$153-million in various after-tax charges tied to redundant power assets and its investment portfolio.

Cecilia Jamasmie | February 16, 2012 | 11:41 am

Colombia to attract $2.1 billion in gold-related investments by 2015

Gold mining in Colombia is shining bright as major gold players are expected to invest U.S. $ 2,100 million by 2015, reports local newspaper La Republica.

Cecilia Jamasmie | February 15, 2012 | 5:39 pm

International unionists to march in support of Rio Tinto locked-out Canadian workers

Unionists from around the world will gather in the Canadian city of Alma, Quebec, from March 30 to April 1, to express their support for locked-out Rio Tinto Alcan workers who are fighting to preserve decent jobs, said international unions representatives on Wednesday.

Cecilia Jamasmie | February 15, 2012 | 4:00 pm

Newmont's Peru ambitions take another knock as water authority rejects Yanacocha expansion

Peru’s Conga Mine future in hands of foreign consultants

Peru’s long-running Conga mine dispute moved slightly forward on Tuesday after the government appointed foreign engineers to oversee an independent review of Newmont Mining Corp.'s stalled $4.8 billion gold project, reports La Republica.

Cecilia Jamasmie | February 15, 2012 | 3:17 pm

Golden Predator acquires Brewery Creek gold mining project in Yukon

Canadian junior gold miner Golden Predator Corp. (TSX:GPD) has agreed to buy the Brewery Creek project in the Yukon from Alexco Resource Corp. (TSX:AXR) in a cash-and-stock deal worth about $8 million, announced the company today

Cecilia Jamasmie | February 15, 2012 | 3:06 pm

Rio Tinto and BHP to finance huge expansion at Escondida in Chile

A week after announcing substantial profits and the expansion of their vast Western Australia iron ore operations, BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE:RIO) said yesterday that they would spend $US 4.5 billion on the Escondida copper mine in Chile.

Cecilia Jamasmie | February 15, 2012 | 2:17 pm

Australia’s NSW state overturns 26-year-old uranium ban

Uranium exploration in Australia’s eastern state of New South Wales (NSW) may soon become a reality after Premier Barry O'Farrell's cabinet checked off on a proposal to reverse a 26-year-old ban, reports the Sydney Morning Herald.

Cecilia Jamasmie | February 14, 2012 | 5:02 pm

Anglo American/Codelco secret talks fiasco could extend legal battle up to five years

After over two months of futile negotiations behind closed doors between Chile's state-owned copper giant Codelco and global miner Anglo American, a resolution of the dispute that have seen both parties sunk in a legal battle seems far off, said Codelco's CEO Diego Hernandez to a local daily.

Cecilia Jamasmie | February 14, 2012 | 2:32 pm