Cecilia Jamasmie, Author at MINING.COM

Endeavour Silver hits bonanza silver grades at its Mexican San Sebastian property

After dreary drilling results last year, Canadian junior miner Endeavour Silver (TSX: EXK), announced exploration drilling at the San Sebastian property in Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.

Cecilia Jamasmie | May 23, 2012 | 4:08 pm

South Africa’s top gold miners ask unions to mend relations

Anglo and Codelco restart talks to end dispute

The frantic legal battle between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer, was put on hold as the parties announced they were entering into talks.

Cecilia Jamasmie | May 23, 2012 | 1:30 pm

Australian miners should seek business opportunities in Latin America: Government

Australian Foreign Minister, Bob Carr, called local mining companies to look at Latin America as a business destination, as the region was emerging as an important economic powerhouse, hungry for Australian investment.

Cecilia Jamasmie | May 23, 2012 | 12:21 pm

CHART: Yawning gap opens up between US stocks, metal prices

Australians fear Canadian gold company will shut historic mines

Australian Stawell Gold Mines will be closed within two years, despite Canadian company Crocodile Gold spending more than $100 million buying it.

Cecilia Jamasmie | May 22, 2012 | 7:09 pm

Australian Crusader Resources to invest $400 million in Brazil gold mine

Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The project is expected to be one of the biggest gold mines in the country.

Cecilia Jamasmie | May 22, 2012 | 6:41 pm

DiamondCorp agrees on a $33.6 million loan deal with South Africa’s IDC

African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.

Cecilia Jamasmie | May 22, 2012 | 4:21 pm

Xstrata relies on China to lift copper demand

Copper demand in China, the world's main consumer of the red metal, is expected to rebound in the second half of 2012, despite the uncertain outlook for Europe, the head of Xstrata PLC's copper division said.

Cecilia Jamasmie | May 22, 2012 | 2:54 pm

BHP Billiton to restart manganese operations in Tasmania by the end of August

BHP Billiton (NYSE:BHP) surprised the market this morning with good news by announcing it will restart its TEMCO manganese operations in Tasmania by the end of August.

Cecilia Jamasmie | May 22, 2012 | 2:11 pm

Rio Tinto donates $12 million biggest pink diamond to a museum

London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in Melbourne, reports The West.

Cecilia Jamasmie | May 22, 2012 | 1:17 pm

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.

Cecilia Jamasmie | May 22, 2012 | 12:41 pm