Cecilia Jamasmie, Author at MINING.COM

Gold could hike to $2,000 by year-end: Thomson Reuters

Gold prices could fall below $1,550, returning to record highs by the end of this year, Thomson Reuters GFMS, a top precious metals consultancy, said this morning.

Cecilia Jamasmie | April 11, 2012 | 3:18 pm

Anglo American to pump $2 billion into Brazil iron project this year

Anglo American Plc (LON:AAL) will spend over US$ 2 billion this year at its Minas-Rio 5.8-billion ton iron ore project in Brazil, the world’s second-largest exporter of the steel-making ingredient.

Cecilia Jamasmie | April 11, 2012 | 2:05 pm

Peruvian miners rescued this morning

The nine miners trapped in a high altitude underground copper mine in Peru since last Thursday are well and with their families, after they were freed this morning (12:00 GMT).

Cecilia Jamasmie | April 11, 2012 | 11:55 am

Massive quake in Indonesia triggers tsunami alert

An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced all mining companies in Indonesia to halt their operations until further notice.

Cecilia Jamasmie | April 11, 2012 | 9:51 am

Newmont faces new protests in Peru as key report for $4.8 billion Conga project expected this week

Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February finalize their environmental report on Newmont Mining and Buenaventura's US$4.8 billion copper-gold project.

Cecilia Jamasmie | April 10, 2012 | 4:19 pm

Molycorp’s rare earth reserves jump 36%

U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility have increased by 36 percent, according to a new independent estimate.

Cecilia Jamasmie | April 10, 2012 | 3:14 pm

Chile’s Codelco will decide future of its Chuquicamata underground mine this year

Chile’s state-owned copper giant Codelco will make a decision on the construction of an underground mine at its Chuquicamata operation before the end of this year, said CEO and Executive President Diego Hernandez.

Cecilia Jamasmie | April 10, 2012 | 2:22 pm

Chile’s copper exports dropped 6.5% in first quarter

Chile’s copper exports fell 6.5% to US$10.5 billion in the first three months of 2012 from $11.2 billion in the same period last year, according to figures compiled by the country’s Central Bank.

Cecilia Jamasmie | April 10, 2012 | 1:42 pm

Vedanta Group says mining ban in India hits iron ore output

London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India’s southern state of Karnataka and logistical bottlenecks in nearby Goa, which hurt one of its key profit generators.

Cecilia Jamasmie | April 10, 2012 | 1:12 pm

Antofagasta's cancellation brings value of shelved projects in Chile to $17bn

Mining investments in Chile to reach $100 billion by 2020

Mining investment in Chile, the world's largest copper producer, would reach US$ 100 billion between 2012 and 2020, the National Mining Society (Sonami) said on Monday.

Cecilia Jamasmie | April 9, 2012 | 6:38 pm