Cecilia Jamasmie , Editor-in-Chief

Peruvian mining millionaires allegedly trafficking cocaine

U.S. authorities announced yesterday the seizure of more than $31 million supposedly connected to an international money-laundering scheme run by the owners of two gold mines in Peru.

Cecilia Jamasmie | October 11, 2012 | 6:42 pm

Osisko reaches record Q3 gold production

Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.

Cecilia Jamasmie | October 11, 2012 | 4:32 pm

Pollutants in water near fracking facility in line with EPA findings

New tests of water nearby natural-gas-drilling sites in Pavillion, Wyoming, shows toxins similar to the ones found last year that are linked to hydraulic fracturing —or fracking—, according to the U.S. Environmental Protection Agency (EPA).

Cecilia Jamasmie | October 11, 2012 | 3:19 pm

South African gold miners reject wage offer

Striking gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers (NUM) said on Thursday, confirming mining companies’ fears of labour unrest lasting longer than expected.

Cecilia Jamasmie | October 11, 2012 | 2:04 pm

Yale researchers discover diamond planet twice the size of the Earth

A team of U.S-Franco scientists led by Yale University hit the jackpot by discovering not just another celestial body near the Earth, but one that it is likely to be covered in diamonds and it is twice the size of our planet.

Cecilia Jamasmie | October 11, 2012 | 1:05 pm

Centerra Gold says independent report proves claims against Kumtor mine groundless

Canadian Centerra Gold (TSX:CG) said Tuesday an independent assessment of a Kyrgyz Republic Parliamentary report backs the company’s view that the report’s allegations against its Kumtor gold mine are unfounded.

Cecilia Jamasmie | October 10, 2012 | 5:38 pm

Alcoa’s results lead markets down

US and Canadian markets dipped on Wednesday as earnings season began with Alcoa (NYSE:AA), the world's leading producer of aluminum, forecasting slower demand for the metal.

Cecilia Jamasmie | October 10, 2012 | 4:05 pm

Lumina Copper not ready for a takeover this year

Canadian Lumina Copper Corp. (CVE:LCC) fell 8.5% Tuesday after the company hinted its expected sale will have to wait as it plans to carry a study at its Taca Taca massive copper/gold/molybdenum deposit in Argentina.

Cecilia Jamasmie | October 10, 2012 | 3:04 pm

Kinross Gold’s CFO leaves, two months after CEO replaced

Only two months after swapping CEOs, Kinross Gold Corporation (TSX: K; NYSE: KGC) has announced its chief financial officer, Paul Barry, is leaving the company “to pursue other interests.”

Cecilia Jamasmie | October 10, 2012 | 2:18 pm

Xstrata begins coal job cuts in Australia

Xstrata Coal (LON:XTA) began to reduce its workforce across its Australian coal operations by firing its first 40 permanent employees out of the 600 announced cuts.

Cecilia Jamasmie | October 10, 2012 | 10:12 am

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