Cecilia Jamasmie, Author at MINING.COM

Investors believe end nigh for cult stock Molycorp

Newcrest expects writedowns to reach as much as A$6.2 billion

Gold miner will write $273 million off the value of its investment in gold miner Evolution Mining, and $360 million off fixed assets, inventory and exploration.

Cecilia Jamasmie | August 8, 2013 | 6:18 pm

South Africa’s top gold miners ask unions to mend relations

AngloGold Ashanti and Gold Fields top executives say hostility between workers and management can only damage the long-term viability of the country’s gold mines and projects.

Cecilia Jamasmie | August 8, 2013 | 4:57 pm

BHP’s Mackenzie vows ‘substantial’ cash returns to shareholders by June

Mining boom best days still to come: BHP CEO

World's largest mining company leader says demand for Australian commodities will increase about 75% in the next 15 years.

Cecilia Jamasmie | August 8, 2013 | 3:07 pm

Glencore Xstrata sues Jamaica-owned firm over alumina shipments

Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.

Cecilia Jamasmie | August 8, 2013 | 2:32 pm

Vale hitting rock bottom, posts one of worst results in 10 years

Vale's profit fell 84% in the second quarter, mainly due to depreciation in the local currency and lower iron ore sales, the miner's key commodity.

Cecilia Jamasmie | August 8, 2013 | 11:57 am

Fresnillo unable to avoid silver’s losing streak

The Mexico-focused miner has seen silver prices drop 35% this year so far, while its shares have fallen about 50%.

Cecilia Jamasmie | August 7, 2013 | 6:56 pm

BHP Billiton mulls spinning off non-core divisions into a $18bn firm

BHP hasn’t dismissed $14bn Jansen potash mine in Canada

CEO Mackenzie said he still aims to add potash as a fifth pillar to BHP's diversified mining operations.

Cecilia Jamasmie | August 7, 2013 | 6:03 pm

AngloGold to axe 2,000 top jobs as metal price falls

The world’s No. 3 gold producer, will cut about 40% of its management positions and it is cutting capital expenditure in 10 countries.

Cecilia Jamasmie | August 7, 2013 | 5:17 pm

Gold price collapses pass the $1,200 mark

Gold, copper and European stocks collapse on Fed stimulus fears

Growing concerns over the US Federal Reserve cutting back its stimulus program as soon as next month, triggered Wednesday a selloff in world shares and drove precious metals down.

Cecilia Jamasmie | August 7, 2013 | 1:45 pm