Cecilia Jamasmie, Author at MINING.COM

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

Canadian Lucara Diamond finds rare blue stone in Botswana

Canada's Lucara Diamond Corp. (TSX:LUC) said it recovered a 9.46-carat rare type II blue diamond from its Karowe mine in Botswana.

Cecilia Jamasmie | November 6, 2012 | 7:49 pm

Molycorp sues contractor for over $45 million

Molycorp Inc. (NYSE:MCP), one of the only non-Chinese producers of rare earths, has sued the engineering company responsible for designing the chemical processes at its troubled Project Phoenix for over $45 million in damages.

Cecilia Jamasmie | November 6, 2012 | 7:34 pm

Anti-mining advocate arrested in Philippines over Facebook posting

A 62 year-old woman was arrested in the Philippines for promoting an upcoming demonstration opposing magnetite mining back in 2011.

Cecilia Jamasmie | November 6, 2012 | 5:58 pm

Canada to supply India with nuclear energy

After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.

Cecilia Jamasmie | November 6, 2012 | 5:09 pm

Australia tries rescuing Rio Tinto’s aluminum operations

Australia’s federal government has agreed to back the construction of a proposed gas pipeline to supply Rio Tinto’s (LON, ASX:RIO) struggling Gove aluminum operations in the country’s Northern Territory.

Cecilia Jamasmie | November 6, 2012 | 4:12 pm