Cecilia Jamasmie, Author at MINING.COM

Power issues could get in the way of Canada’s Labrador expected mining boom

$15 billion of investment in Labrador mining projects over the next decade may be jeopardized by the lack of energy sources unless alternatives, such as generating power from the Muskrat Falls, are put in place.

Cecilia Jamasmie | November 1, 2012 | 3:12 pm

Anglo Platinum mines halted by massive strike in S. Africa

Anglo Platinum miners say they won’t return to work

Thousands of dismissed workers at Anglo American Platinum Ltd.’s (Amplats) mine in Rustenburg have still not accepted an offer to reinstate them, the world's largest producer of the metal said on Thursday.

Cecilia Jamasmie | November 1, 2012 | 2:14 pm

Pascua-Lama costs and challenges take shine off Barrick Gold earnings

Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.

Cecilia Jamasmie | November 1, 2012 | 1:29 pm

$16 trillion of platinum could be extracted from seawater

Space mining start-up Planetary Resources President, Chris Lewicki, made more than one eyebrow rise Wednesday as he wrote in his blog that there are about $16 trillion worth of platinum waiting to be extracted in our Earth’s oceans.

Cecilia Jamasmie | October 31, 2012 | 5:12 pm

Canada looks into the hiring of Chinese miners in B.C.

Canada’s federal government has launched a formal investigation into the use of foreign workers at a HD Mining International Ltd.’s coal mine in northern British Columbia, joining the provincial government, which opened an inquiry last week.

Cecilia Jamasmie | October 31, 2012 | 3:30 pm

Canada’s economy drops as mining and oil plunge

Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.

Cecilia Jamasmie | October 31, 2012 | 2:52 pm

PotashCorp reportedly in merger talks with Israeli smaller rival

Potash Corporation of Saskatchewan (TSX:POT) is allegedly in talks with the Israeli government concerning a potential merger/ takeover of Israel Chemicals Ltd. in a deal that may be worth over $13.5 billion.

Cecilia Jamasmie | October 31, 2012 | 2:06 pm

EU delays Glencore-Xstrata merger verdict

The European Commission said Wednesday it is delaying the deadline to emit a verdict on Glencore International PLC's $70 billion merger proposal with Xstrata (LON:XTA) after Glencore (LON:GLENA) made concessions to reduce EU concerns about too much potential concentration of interests in northern Europe.

Cecilia Jamasmie | October 31, 2012 | 11:42 am

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