Cecilia Jamasmie, Author at MINING.COM

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

Oyu Tolgoi ready to lift the curtain, but someone has to turn on the lights

Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.

Cecilia Jamasmie | September 21, 2012 | 1:57 pm

Christie’s expects over $15 million for huge Indian diamond

The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest auction house Christie’s said on Friday.

Cecilia Jamasmie | September 21, 2012 | 11:00 am

Copper, gold and money laundering: Peru main exports in 2012

One dead in clash near Barrick Peru mine, operations halted

Canada's Barrick Gold has temporarily suspended operations at its Pierina mine in Northern Peru after violence between a nearby community and police left one person dead and four seriously injured.

Cecilia Jamasmie | September 20, 2012 | 5:07 pm

BHP ditches another three coal projects

BHP Billiton has added three new names to its growing list of shelved coal mine projects as it defers its Red Hill and Saraji East coal projects.

Cecilia Jamasmie | September 20, 2012 | 4:27 pm

Freeport asked to up Indonesian royalties to 10%

Freeport currently pays 3.5% for mining copper in Indonesia, Southeast Asia’s largest economy, and 1% for gold.

Cecilia Jamasmie | September 20, 2012 | 3:54 pm

Once again Canada leads worldwide mining M&A

Takeovers and mergers in the global mining sector has slowed radically this year as a result of lower commodity prices, but Canadian companies continue leading worldwide mergers and acquisitions.

Cecilia Jamasmie | September 20, 2012 | 3:16 pm

Canpotex secures potash demand from Indonesia

North American potash selling consortium, Canpotex, will be shipping larger amounts of the fertilizer to Indonesia after the five-year potash supply deal signed Tuesday between the offshore selling agency and Southeast Asian buyers.

Cecilia Jamasmie | September 20, 2012 | 2:00 pm

No surprises expected as Nexen shareholders vote on CNOOC takeover

Despite the controversy generated by China National Offshore Oil Corp's proposed $15.1 billion takeover of Canadian oil producer Nexen, Thursday’s shareholders vote is seen by industry experts as a mere formality.

Cecilia Jamasmie | September 20, 2012 | 1:18 pm

Brazil a step closer to fully mining the Amazon

A controversial project to mine Brazil's vast indigenous territories in the Amazon, to be presented at the South American country’s Congress in October, has revived a long-dragged confrontation among authorities, environmentalists and local communities.

Cecilia Jamasmie | September 20, 2012 | 10:17 am