Cecilia Jamasmie, Author at MINING.COM

Rio Tinto-OMC $2 billion join venture to be shelved

A 17-year-old agreement to develop about $2 billion worth in iron ore deposits between, mining giant Rio Tinto and state-own Odisha Mining Corporation , is about to be nothing but history.

Cecilia Jamasmie | September 28, 2012 | 5:53 pm

$1.5 million gigantic diamond unearthed in Russia

A jaw-dropping 158.2-carat diamond worth over $1.5 million, which was discovered in Russia early this month by Alrosa, was shown to the public for the first time Thursday.

Cecilia Jamasmie | September 28, 2012 | 3:33 pm

Risks for oil and mining companies rising in Colombia – report

Colombia's booming mining and oil industries are likely to be the centre of terrorist attacks over the coming months as soldiers and guerrillas fight on the battlefield, while their delegations hold peace talks to end the country's half-century-old conflict.

Cecilia Jamasmie | September 28, 2012 | 2:52 pm

NASA takes asteroid mining seriously; funds viability study

Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding a study to evaluate how viable the endeavour really is.

Cecilia Jamasmie | September 28, 2012 | 2:50 pm

UK lets China to buy its nuclear power stations

India initiates 4 of 19 new nuclear projects

State-run Nuclear Power Corp. of India Ltd. plans to raise almost $4 billion to set them up.

Cecilia Jamasmie | September 28, 2012 | 2:09 pm

Colombia renews controversial mining contract with BHP

The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.

Cecilia Jamasmie | September 28, 2012 | 1:12 pm

Philex Mining could face more penalties, but refuses to pay

Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the Mines and Geosciences Bureau (MGB) said Thursday.

Cecilia Jamasmie | September 27, 2012 | 5:39 pm

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining and oil investment by a trade magazine.

Cecilia Jamasmie | September 27, 2012 | 4:16 pm

Chinese oil company confident of Nexen takeover’s success

China National Offshore Oil Corp's (CNOOC) believes its proposed $15.1 billion takeover of Canadian oil producer Nexen Inc. (TSX & NYSE:NXY) should go ahead without major hiccups as talks with provincial leaders reaffirmed the country values China as an investor in its oil sands sector.

Cecilia Jamasmie | September 27, 2012 | 3:10 pm

Anglo Asian pre-tax profits hurt by harsh weather

Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a year ago.

Cecilia Jamasmie | September 27, 2012 | 2:02 pm