Cecilia Jamasmie, Author at MINING.COM

Northern Energy and Mining to spend $52.6 million on debt buybacks

Canadian NEMI Northern Energy and Mining will spend a total of about $52.6 million to buy back most of its outstanding shares and debt securities from investors.

Cecilia Jamasmie | December 29, 2011 | 3:07 pm

American businessmen accused of using fake gold mine to get $1m from investors

Anglo American and Codelco meet in court

Formerly called “The Disputed One,” Anglo American’s Los Bronces mine located northeast of Santiago, Chile, is living up to its name. The operation, which is expected to become the world's fifth-biggest copper mine, is at the heart of the ongoing legal dispute between the London-based global miner and Chile’s Codelco, the world’s largest copper producer.

Cecilia Jamasmie | December 29, 2011 | 1:46 pm

Protests and deaths in Indonesia force Australian gold exploration company to halt activities

Arc Exploration Limited (ARX), an Australian gold mining exploration company with presence in Indonesia, has halted activities at a project in Bima, after a violent protest at the nearby port of Sape last week that left two people dead.

Cecilia Jamasmie | December 28, 2011 | 4:00 pm

Paladin Energy to start exploring for uranium in Canada next year

Australian Paladin Energy (ASX:PDN) sees its ambitions of becoming a major uranium mining house a step closer. After three years of stand-by due to a moratorium on uranium mining on indigenous lands in Labrador, Canada, the Perth-based miner is able to start operations in the area in 2012.

Cecilia Jamasmie | December 15, 2011 | 3:44 pm

Antofagasta approves US$1.3 bn Antucoya copper project

Antofagasta PLC (ANTO.LN) announced that its board of directors has approved the development of the US$1.3 billion Antucoya copper project in the north of Chile.

Cecilia Jamasmie | December 14, 2011 | 4:38 pm

Coal demand to grow by 600,000 tonnes a day over the next five years, says IEA

Global demand and prices for coal will continue to expand aggressively over the next five years despite public calls for reducing reliance on the high-carbon fuel as a primary energy source, said the International Energy Agency (IEA) in its first ever report about the commodity.

Cecilia Jamasmie | December 14, 2011 | 4:04 pm

‘Don’t turn our cattle into cats,’ Malaysians tell Australia’s Lynas Corporation

Cows shrinking to the point they turn into cats and villagers wrapped in do-it-yourself anti-radiation suits are only some of the effects of allowingAustralia's Lynas Corporation to open a rare earths plant inMalaysia, according to not-so-subtle protest short satirical films populating YouTube these days.

Cecilia Jamasmie | December 14, 2011 | 2:42 pm

Buchans Minerals to create new base metal company

Atlantic Canada miner Buchans Minerals Corp (BMC.V) is selling stakes in three properties near Buchans, N.B., to SG Spirit Gold Inc. (SG.V) as part of its efforts to create a new company concentrating on developing base-metal mining opportunities in Newfoundland and New Brunswick.

Cecilia Jamasmie | December 13, 2011 | 3:49 pm

Endeavour Silver finds high-grade zones in Mexico

Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.

Cecilia Jamasmie | December 13, 2011 | 3:03 pm

Lucara receives record price for its Lesotho diamonds

A total of US$6.4 million obtained Lucara Diamond Corp. for the sale rough diamonds at its second tender of gems recovered from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats garnering an average price of $893 per carat.

Cecilia Jamasmie | December 13, 2011 | 2:02 pm