Cecilia Jamasmie, Author at MINING.COM

Centerra shares drop despite increasing reserve estimate of major gold project

Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.

Cecilia Jamasmie | November 8, 2012 | 4:28 pm

Australian miners find new ways of getting high

Australian miners find new ways of getting buzzed

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.

Cecilia Jamasmie | November 8, 2012 | 3:42 pm

South African strikes hit annual mining production, drops 8.3%

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.

Cecilia Jamasmie | November 8, 2012 | 2:43 pm

Lynas wins legal battle against activists, gears up to start rare earths production in Malaysia

Lynas wins battle against activists, gears up to start rare earths production in Malaysia

Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.

Cecilia Jamasmie | November 8, 2012 | 1:41 pm

Chile’s Escondida copper mine’s output up 72.4%

Output up 72.4% at Chile’s Escondida copper mine

Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.

Cecilia Jamasmie | November 7, 2012 | 6:58 pm

Canadian firm to power near 5,000 houses with red balloons

Canadian firm to power 4,500 houses with red balloons

Inspired by the German pop song from the eighties “99 Luffballoons”, a Canadian urban design company created a concept installation piece of 99 giant red balloons to produce clean, solar-generated energy enough to power 4,500 homes.

Cecilia Jamasmie | November 7, 2012 | 6:10 pm

Enbridge third-quarter profit up thanks to liquid pipes

Enbridge Q3 profit up thanks to liquid pipes

Enbridge Inc. (TSX:ENB), the largest transporter of Canadian oil to the U.S., posted Wednesday better third-quarter results compared to the same period last year driven by recovering earnings from its liquids pipelines and a reduced loss from derivatives contracts.

Cecilia Jamasmie | November 7, 2012 | 4:53 pm

Congo open to discuss changes to mining code with companies

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.

Cecilia Jamasmie | November 7, 2012 | 3:56 pm

Uranium miner Paladin to chop costs by up to $80 million

Paladin Energy to cut costs by $80 million

Uranium miner Paladin Energy (TSX:PDN)(ASX:PDN) is targeting up to $80 million in cost reductions over the next two years and putting a freeze on development as the price for uranium spot has weakened.

Cecilia Jamasmie | November 7, 2012 | 2:47 pm

Tata Steel disputes $1 billion fine

Tata Steel Ltd. (NSE:TATASTEEL), India’s largest private steelmaker, is contesting a $1 billion for allegedly mining above the limit volumes in the mineral-rich eastern state of Orissa, which —ironically— is one of the South Asian country’s poorest regions.

Cecilia Jamasmie | November 7, 2012 | 2:12 pm