Cecilia Jamasmie , Editor-in-Chief

Chief of Codelco quits amid legal battle with Anglo

In what it seems to be the first casualty of the heated conflict between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer announced its CEO Diego Hernandez resigned late Thursday.

Cecilia Jamasmie | May 25, 2012 | 9:35 am

Impala Platinum faces potential halt to Zimplats operations due to differences with Zimbabwe’s government

Zimbabwe's central bank threatened to freeze Impala Platinum's local account and ordered local banks to halt managing any of the company’s exports because it has “failed to comply with an order to bank locally,” state-controlled newspaper The Herald reports.

Cecilia Jamasmie | May 25, 2012 | 6:54 am

Rio’s Zimbabwe spin-off to acquire Murowa diamond mine

Zimbabwean miner RioZim Limited is negotiating with global giant Rio Tinto in an attempt to acquire the now jointly own Murowa diamond mine in the in south central region of the country.

Cecilia Jamasmie | May 24, 2012 | 6:05 pm

Xstrata weighs political risk in Argentina before deciding on its $5.5 billion copper projects

Xstrata Plc (LON:XTA), the fourth largest copper producer in the world, said it is analyzing political risks in Argentina, where the company has two major copper projects on the go with an estimated investment of $5.5 billion.

Cecilia Jamasmie | May 24, 2012 | 2:40 pm

Guatemala’s Escobal Mine to become one of the top silver projects in the world: report

With a total investment of $406 million, Canadian based mining exploration company Tahoe Resources (NYSE:TAHO), through its subsidiary Minera San Rafael SA, could become one of the largest silver producers in the world thanks to its El Escobal project in southeastern Guatemala, approximately 70 kilometres from Guatemala City.

Cecilia Jamasmie | May 24, 2012 | 10:40 am

Newmont applies substantial cuts to investment in controversial $4.8 billion Conga project in Peru

World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than the $1.5 billion initially budgeted.

Cecilia Jamasmie | May 24, 2012 | 7:39 am

Endeavour Silver hits bonanza silver grades at its Mexican San Sebastian property

After dreary drilling results last year, Canadian junior miner Endeavour Silver (TSX: EXK), announced exploration drilling at the San Sebastian property in Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.

Cecilia Jamasmie | May 23, 2012 | 4:08 pm

Anglo and Codelco restart talks to end dispute

The frantic legal battle between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer, was put on hold as the parties announced they were entering into talks.

Cecilia Jamasmie | May 23, 2012 | 1:30 pm

Australian miners should seek business opportunities in Latin America: Government

Australian Foreign Minister, Bob Carr, called local mining companies to look at Latin America as a business destination, as the region was emerging as an important economic powerhouse, hungry for Australian investment.

Cecilia Jamasmie | May 23, 2012 | 12:21 pm

Australians fear Canadian gold company will shut historic mines

Australian Stawell Gold Mines will be closed within two years, despite Canadian company Crocodile Gold spending more than $100 million buying it.

Cecilia Jamasmie | May 22, 2012 | 7:09 pm

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