Cecilia Jamasmie, Author at MINING.COM

Value of Canadian mining and metals deals almost halved in 2012

The value of Canadian mining and metals deals dropped a dramatic 43% for the first nine months of 2012, revealed Wednesday the latest report by Ernst & Young.

Cecilia Jamasmie | November 28, 2012 | 8:05 pm

Gold down as India raises import tax to 10%

India’s gold demand to drop 19% in 2012

The World Gold Council (WGC) expects India’s total demand for the yellow shiny metal in 2012 to be nearly 19% lower in 2012 than last year, mainly due to low consumption during first two quarters.

Cecilia Jamasmie | November 28, 2012 | 7:43 pm

Mining industry could save billions on capital projects – report

Mining and metals companies saw expenditures reach over $140 billion in 2012, but a study published Wednesday by consultants at Accenture (NYSE: ACN) indicates the sum could have been considerably lower.

Cecilia Jamasmie | November 28, 2012 | 6:05 pm

INFOGRAPHIC: Silver supply and demand

Traditional uses of silver only account for about a third of silver fabrication. This Infographic explains what happens to the other two-thirds.

Cecilia Jamasmie | November 28, 2012 | 4:57 pm

Sprott and Chinese firm set $500 million minerals fund

China resubmits deal to acquire Canada’s Nexen to US regulator

In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.

Cecilia Jamasmie | November 28, 2012 | 3:32 pm

Chilean court revokes Barrick’s Pascua-Lama $16-million fine

Barrick to inject $2 billion to Pascua-Lama in 2013

Canada’s Barrick Gold (NYSE, TSX: ABX) will invest about $2 billion in Argentina next year mainly to advance construction at its massive Pascua-Lama gold-silver project, straddling the border with Chile.

Cecilia Jamasmie | November 28, 2012 | 2:50 pm

‪Investcorp sells truck parts unit for $1 billion

Persian Gulf-based Investcorp said on Tuesday it had sold US truck and trailer parts distributor FleetPride to TPG, one of the largest private equity investment firms, for more than $1 billion.

Cecilia Jamasmie | November 28, 2012 | 11:55 am

Africa’s conflicts threaten potential boost coming from gas, oil and minerals findings —report

While the world concerns itself with the Syrian civil war and the dangers it poses for the already disturbed Middle East, little notice is taken of the conflicts affecting Africa, probably the single most complex region of the world and arguably its most troubled, warned Tuesday the Centre for Research on Globalization (CRG).

Cecilia Jamasmie | November 27, 2012 | 6:49 pm

Colorado experiencing a ‘weekend-only’ gold rush

Driven by several recent Discovery Channel shows dedicated to prospecting and steady gold prices of $1,600 and up per ounce, weekend placers —how they like calling themselves— have been recently wading into the state of Colorado's streams in numbers not seen before.

Cecilia Jamasmie | November 27, 2012 | 5:19 pm

Sudan and Saudi Arabia to mine the Red Sea for gold and copper in 2014

Sudan and Saudi Arabia to mine the Red Sea by 2014

The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.

Cecilia Jamasmie | November 27, 2012 | 4:24 pm