Cecilia Jamasmie , Editor-in-Chief

Two massive diamonds in Angola dazzle investors and brighten up local industry

The Australian diamond company Lonrho Mining dazzled investors Tuesday as the company confirmed the finding of two huge diamonds from the Lulo project, in northeastern Angola.

Cecilia Jamasmie | August 21, 2012 | 12:54 pm

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.

Cecilia Jamasmie | August 20, 2012 | 6:37 pm

Panama Canal expansion to change dynamics of commodity trade

When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.

Cecilia Jamasmie | August 20, 2012 | 5:28 pm

Montana coal mining related protests reach the Capitol, no major impact

USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.

Cecilia Jamasmie | August 20, 2012 | 4:37 pm

Franco-Nevada injects $1 billion into Inmet’s copper project

Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.

Cecilia Jamasmie | August 20, 2012 | 3:53 pm

Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.

Cecilia Jamasmie | August 20, 2012 | 2:51 pm

Germany’s coal revival to boost energy change

A 2200 MW coal power plant opened in Cologne is being lauded for aiding Germany’s transition from nuclear power to renewables. 



Cecilia Jamasmie | August 20, 2012 | 1:57 pm

Chile’s Codelco to win big in agreement with Anglo

If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes in recent decades.

Cecilia Jamasmie | August 20, 2012 | 1:00 pm

Faith in BHP’s Outer Harbour fading fast

New doubts have emerged over world number one miner BHP Billiton's (LON/ASX/NYSE:BHP) $20 billion outer-harbour project at Port Hedland, Australia, with big names such as JPMorgan and Deutsche Bank saying they expect it to be axed.

Cecilia Jamasmie | August 15, 2012 | 2:46 pm

First Majestic Q2 earnings plunge 50% despite increased production

Mexico-focused First Majestic Silver's (TSX:FR) (NYSE:AG) joined the group of silver producers that have been hit hard by the falling prices of the precious metal, as the company’s reported a profit drop of 50% year-on-year in the second quarter.

Cecilia Jamasmie | August 15, 2012 | 1:54 pm

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