Cecilia Jamasmie, Author at MINING.COM

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

South Africa’s growth hits four-year low due to strikes

SA’s 3Q growth worse than expected due to strikes

South Africa’s economy continues to struggle as a consequence of the widespread strikes that have hit its mining sector since August, weighing more heavily on the economy in the third quarter than what economists had predicted.

Cecilia Jamasmie | November 27, 2012 | 2:13 pm

Canada braces for new wave of anti-pipelines protests

Western Canada’s Vancouver, Victoria, Smithers and Prince George are expected to be Tuesday the main stage for rallies against oil and gas pipelines, as part of national and international actions spearheaded by the Unis’tot’en clan of the Wet’suwet’en Nation in British Columbia.

Cecilia Jamasmie | November 26, 2012 | 7:53 pm

Enbridge to ship crude to Philadelphia via rail

Canada’s Enbridge Inc. (TSX, NYSE:ENB) announced Monday its has entered into an agreement with Canopy Prospecting Inc. to develop rail facilities that will deliver crude oil from the Bakken shale prospect in North Dakota to Philadelphia refineries by the third-quarter of 2013.

Cecilia Jamasmie | November 26, 2012 | 6:04 pm

Patagonia Gold makes first pour at its Argentina’s project

Patagonia Gold makes first pour at Argentinian project

South America-focused gold and silver miner Patagonia Gold (LON:PGD) (TSX:PAT), announced Monday it produced its first doré gold bar from its Lomada de Leiva gold and silver project in the province of Santa Cruz in Argentina.

Cecilia Jamasmie | November 26, 2012 | 3:58 pm

Seven familiar names shortlisted to head Anglo

Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.

Cecilia Jamasmie | November 26, 2012 | 3:10 pm