Cecilia Jamasmie, Author at MINING.COM

Rinehart loses appeal over stake in much-hyped iron ore project

Mining billionaire Gina Rinehart's Hancock Prospecting lost Tuesday an appeal to retain its share in the touted Rhodes Ridge iron ore project in Australia’s Pilbara, forecast to be worth billions once developed.

Cecilia Jamasmie | October 30, 2012 | 6:15 pm

Union claims Rio Tinto redundancy package discriminates against members

The Australian Construction, Forestry, Mining and Energy Union (CFMEU) said Tuesday the Rio Tinto's redundancy package for its Blair Athol coal mine discriminates against union members.

Cecilia Jamasmie | October 30, 2012 | 5:03 pm

North American oil sands market to reach $26 billion this year: report

Canadian Oil Sands income on the way up, but warns of drop in cash levels

Canadian Oil Sands Ltd. (TSX:COS) increased its 2012 cash flow guidance by 20% after reporting third-quarter net income climbed to $338-million as lower operating expenditures offset a decline in revenues.

Cecilia Jamasmie | October 30, 2012 | 2:07 pm

Weak gold prices, Australian charge drive Newmont's $2bn loss

TransCanada’s profit in the third quarter down 4%

TransCanada Corp. (TSX, NYSE:TRP), Canada's largest pipeline company, said Tuesday third-quarter profit dropped 4% compared to the same period last year, missing estimates.

Cecilia Jamasmie | October 30, 2012 | 1:47 pm

Africa ready to revert its ‘resource curse’: report

New oil, gas and mineral discoveries boost African economies growth — World Bank

Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on track, according to the World Bank’s latest report.

Cecilia Jamasmie | October 30, 2012 | 10:33 am

Anglo American Platinum offers bonus to bring back miners

South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship allowance” if they return to work by Tuesday morning.

Cecilia Jamasmie | October 29, 2012 | 5:03 pm

Petronas extends $5.2 billion takeover bid for Progress Energy

Malaysian state-run oil company Petronas has extended the deadline for its takeover bid for Canadian gas producer Progress Energy Resources Corp.(TSX:PRQ) in hopes it will be able to overcome Ottawa's objections to the $5.2 billion deal.

Cecilia Jamasmie | October 29, 2012 | 3:28 pm

Strong support for Keystone in the US: poll

TransCanada and Phoenix Energy join forces to build $3-billion pipeline

TransCanada Corp. (TSX, NYSE:TRP) and Phoenix Energy Holdings Ltd. have entered into a 50-50 partnership to build a $3-billion pipeline in Northern Alberta, one of the centres of Canada’s oil sands industry.

Cecilia Jamasmie | October 29, 2012 | 3:01 pm

Tirex Resources moves from exploration to production in Albania

Not very often you hear about a company moving from exploration into production, but Canadian Tirex Resources (CVE:TXX) is doing just that. The Vancouver-based firm announced Monday it has received official notification from Albania's Ministry of Economy, Trade and Energy (METE) relating to its applications to transition six areas from exploration licenses to 25 year mining permits.

Cecilia Jamasmie | October 29, 2012 | 2:28 pm

Petaquilla rejects Inmet’s final takeover bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, the latest takeover bid by Inmet Mining Corp. (TSX:IMN) presented Friday, which was 25% cent higher than the $112-million Inmet originally offered.

Cecilia Jamasmie | October 29, 2012 | 1:44 pm