Cecilia Jamasmie, Author at MINING.COM

Xstrata hinders mine in Philippines until 2019

Xstrata puts off $5.9bn mine in Philippines until 2019

Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.

Cecilia Jamasmie | December 12, 2012 | 3:14 pm

Gold hits 3-week high on disappointing U.S. jobs data

Centerra makes junior’s Christmas, becomes sole owner of gold project in Turkey

London-based explorer Stratex (LON:STI) got an early Christmas present this year, as Canadian Centerra Gold (TSX:CG) paid the junior and partner in the Turkey’s Oksut project a noteworthy $40 million for its 30% stake in the venture.

Cecilia Jamasmie | December 12, 2012 | 11:00 am

Canadian junior Stornoway surges on diamond recovery

Stornoway Diamond (TSX:SWY,) shares climbed 24% to 63 cents on Tuesday after the company reported the recovery of a 9.78-carat diamond during the ongoing processing of the Renard 65 bulk sample.

Cecilia Jamasmie | December 11, 2012 | 8:21 pm

Mining old ores yields clues to early life

Old ore mining yields clues to early life

A team of scientists have provided new insight into how ancient metal-ore deposits can be used to better understand the chemistry of the ancient oceans and, as a consequence, the early evolution of life.

Cecilia Jamasmie | December 11, 2012 | 6:54 pm

Aussie miners told ‘death’ only excuse for not working on Christmas

Miners who don’t show up to work the Christmas and New Year period at Sandfire Resources’ DeGrussa copper and gold mine in Western Australia, are being threatened with major fines and pay cuts.

Cecilia Jamasmie | December 11, 2012 | 4:05 pm

Rio Tinto and Anglo sell Palabora to Chinese group

Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.

Cecilia Jamasmie | December 11, 2012 | 3:40 pm

Glencore-Xstrata deal hits South African snag

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

Cecilia Jamasmie | December 11, 2012 | 12:25 pm

Resource nationalism is miners’ number one fear and major threat to global security — report

Resource nationalism is one of the main causes of the current commodity prices instability and it is threatening global security, warns London-based Chatham House in its latest report.

Cecilia Jamasmie | December 10, 2012 | 4:17 pm

Gold bug spreads through Latin America

Mexico, Brazil, Colombia, Argentina and Paraguay have recently been adding to their bullion holdings. And this might be only the beginning.

Cecilia Jamasmie | December 10, 2012 | 3:21 pm

Fresh hopes for Aussie miners: country to attract over 18 times the investment of South Africa

Australia’s mining industry will become the world’s number one again over the next two decades, attracting as much as 18 times the investment planned for South Africa, according to the latest report from Deloitte.

Cecilia Jamasmie | December 10, 2012 | 11:53 am