Cecilia Jamasmie , Editor-in-Chief

Anglo sells platinum mines in S. Africa to Sibanye for $330m

The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.

Cecilia Jamasmie | September 9, 2015 | 2:09 am

Done deal? Amplats said to have sold platinum mines to Sibanye for $100M

The companies are expected to make an official announcement on Wednesday.

Cecilia Jamasmie | September 8, 2015 | 9:30 am

Lucara Diamond to host second stone tender in November

Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.

Cecilia Jamasmie | September 8, 2015 | 7:33 am

SA platinum cuts to hurt global output over next two years

Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.

Cecilia Jamasmie | September 8, 2015 | 4:45 am

Canadian regulator lets Nexen reopen 40 utility pipelines at Long Lake

The remaining 55 pipelines affected by a suspension order must stay closed until the company can demonstrate they're safe.

Cecilia Jamasmie | September 8, 2015 | 3:25 am

Campaign to save Australia’s coal sector heavily mocked in social media

The PR campaign praising the “endless possibilities” of coal in providing “light and jobs” has triggered a massive reaction among social media users.

Cecilia Jamasmie | September 7, 2015 | 9:52 am

Minera IRL halts gold operation in Peru as protesters take over site

Around 100 locals invaded the site over the weekend, occupying a number of installations, and forcing the company to suspend all operations.

Cecilia Jamasmie | September 7, 2015 | 8:28 am

Gold stays near two-week low on US jobs data, public holiday

The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.

Cecilia Jamasmie | September 7, 2015 | 6:40 am

‘Nazi gold train’ allegedly found in Poland

Experts are warning the finding might be just an hoax.

Cecilia Jamasmie | September 7, 2015 | 6:00 am

Glencore fights back — to slash debt by $10bn, halt copper mines in Africa

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

Cecilia Jamasmie | September 7, 2015 | 3:49 am

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