Cecilia Jamasmie, Author at MINING.COM

Cardero shareholders abandon ship after creditors allege default

African countries risk harming own economies by seeking short-term mining gains: CEO

African governments risk harming their own economies by trying to squeeze quick returns from the mining companies in their countries, said Tuesday Randgold Resources’ (LON:RRS) chief executive Mark Bristow.   

Cecilia Jamasmie | October 16, 2012 | 3:33 pm

Harry Winston lowers Diavik diamond mine production target

Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Cecilia Jamasmie | October 16, 2012 | 1:39 pm

Firestone unearths ‘very rare’ diamonds at its Lesotho mine

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.

Cecilia Jamasmie | October 16, 2012 | 12:46 pm

Canadian gold miner Petaquilla rejects Inmet’s $112 million bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, a $112-million takeover bid for the company by Inmet Mining Corp. (TSX:IMN), which operates a gold mine adjacent to Petaquilla’s Molejon project in Panama.

Cecilia Jamasmie | October 15, 2012 | 4:54 pm

More than half of mining execs think industry is on its way up

Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in the first half of 2012.

Cecilia Jamasmie | October 15, 2012 | 3:39 pm

Qatar sees Glencore/Xstrata merger positively

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).

Cecilia Jamasmie | October 15, 2012 | 2:18 pm

Potash power plays: Rio Tinto's big blunder

Vale seeks $500 million IADB financing for potash project

Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.

Cecilia Jamasmie | October 15, 2012 | 10:52 am

Canada PM casts doubt on Nexen takeover by China

Canadian Prime Minister Stephen Harper gave investors more reasons to speculate about the final outcome of the deal, as he said that China's “very different" political and economic systems are a concern for his government.

Cecilia Jamasmie | October 12, 2012 | 6:28 pm

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm