Cecilia Jamasmie, Author at MINING.COM

Caterpillar falls after lowering its outlook for 2015

Shares in Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, fell 2.2% after hours as the company cut its 2015 profit outlook. The company warned weaker commodity prices would result in a bigger-than-expected decline in demand, worsened by mining companies scaling back expansions and shelving major projects.

Cecilia Jamasmie | September 25, 2012 | 1:02 pm

BREAKING: Batista to file for bankruptcy

Brazil’s Batista about to get richer – will sell 49% stake in AUX to Qatar

Brazilian billionaire Eike Batista, number one on MINING.com's list of the world's wealthiest miners, is about to get even richer as the tycoon is in talks to sell a 49% stake in his gold mining company, AUX, to Qatar Holding, the investment arm of that country's sovereign wealth fund.

Cecilia Jamasmie | September 24, 2012 | 6:34 pm

China to help Venezuela develop one of world’s largest gold mines

China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world’s largest deposits of the shiny yellow metal, located near a town bearing the name of the mythical golden city of El Dorado.

Cecilia Jamasmie | September 24, 2012 | 5:36 pm

Divisive contract to exploit Lithium in Chile granted to local SQM

Chile’s Chemical and Mining Society (SQM), the world’s largest lithium producer, has won a tender to develop a lithium concession in the country, which produces nearly 40% of the increasingly popular metal.

Cecilia Jamasmie | September 24, 2012 | 3:55 pm

Rio Tinto coal mining cull claims new victims

Rio Tinto is cutting even more coal mining jobs in Australia as the miner is struggling with a dramatic plunge in coal prices and a high Australian dollar.

Cecilia Jamasmie | September 24, 2012 | 3:13 pm

Record surge of mining claims in western Canada

An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.

Cecilia Jamasmie | September 24, 2012 | 1:25 pm

Norsk Hydro sells aluminum remelt plant in Taiwan

Norwegian Norsk Hydro, one of the world's top aluminum producers, is selling its aluminum remelt plant in Taiwan to Ting Sin Metal Co. Ltd for an unrevealed amount, the company said in a statement on Monday.

Cecilia Jamasmie | September 24, 2012 | 10:51 am

Researchers to use plants in platinum mining

Researchers in the University of York' s Green Chemistry Centre of Excellence and the Centre for Novel Agricultural Products (CNAP) are giving a whole new meaning to the concept of “green mining,” as they said Friday they will develop a technique called "phyto-mining," which uses plants to extract platinum group metals (PGM) discarded during mine processing.

Cecilia Jamasmie | September 21, 2012 | 6:21 pm

Xstrata gets an extra week to decide on Glencore merger

Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.

Cecilia Jamasmie | September 21, 2012 | 3:42 pm

DiamondCorp shares soar on Lace project financing news

Shares in diamond exploration and development company DiamondCorp PLC (LON:DCP) went up over 24% in early trade Friday after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine project in South Africa.

Cecilia Jamasmie | September 21, 2012 | 3:25 pm