Cecilia Jamasmie, Author at MINING.COM

AngloGold Ashanti fires 12,000 South African striking miners

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.

Cecilia Jamasmie | October 24, 2012 | 5:03 pm

Natural gas giant Encana posts $1.24-billion quarterly loss

Natural gas titan Encana Corporation (TSX: ECA) (NYSE: ECA) posted Wednesday a $1.24-billion net loss in its third quarter, driven mainly by lower natural gas prices over the past year, but it said it was still on track to meet its financial guidance for the full year.

Cecilia Jamasmie | October 24, 2012 | 3:20 pm

Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit dropped by more than half.

Cecilia Jamasmie | October 24, 2012 | 2:29 pm

Nautilus seabed mining project jeopardized again

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to cancel the firm’s seabed mining permit.

Cecilia Jamasmie | October 24, 2012 | 1:31 pm

Friendland’s latest move: $24m in share placing to fund projects in Congo

Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX

Africa-focused miner Ivanplats (TSX:IVP), founded by billionaire Robert Friedland, successfully closed Tuesday its $307-million initial public offering (IPO) on the Toronto stock exchange, issuing total equity of $504 million (Cdn$493).

Cecilia Jamasmie | October 23, 2012 | 6:53 pm

Canadian government investigating illegal recruitment tactics

Canada’s provincial government of British Columbia is investigating allegations that Chinese workers applying for jobs may have been requested to pay fees to apply for mining positions in B.C.

Cecilia Jamasmie | October 23, 2012 | 4:51 pm

3,500 protest against Northern Gateway; company still to go ahead

Thousands of people jammed the front lawn of Canada’s British Columbia parliament on Monday to oppose the controversial Enbridge's proposed $5.5-billion pipeline from the Alberta oil sands to the country's West Coast.

Cecilia Jamasmie | October 23, 2012 | 3:53 pm

Xstrata’s Dominican nickel project in UN’s hands

United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.

Cecilia Jamasmie | October 23, 2012 | 3:03 pm

Botswana Diamonds gleeful over latest exploration results

The Diamond exploration company sees its future shining bright after discovering high concentrations of minerals that could imply the presence of rough diamonds.

Cecilia Jamasmie | October 23, 2012 | 12:00 pm