Cecilia Jamasmie, Author at MINING.COM

Gold One buys First Uranium’s Elzuwini Mining Company for US$70M

First Uranium (TSX:FIU) announced Monday it has sold its South African-based Elzuwini Mining Co. to Gold One International for US$70 million, transaction that should be completed by June 29.

Cecilia Jamasmie | April 2, 2012 | 6:50 pm

Abacus Mining looking for buyer, partner for B.C. copper-gold project

Canadian Abacus Mining and Exploration Corp. (TSXV:AME) is looking for potential buyers, partners or other alternatives under a strategic review initiated Monday, shortly after its partner moved to increase its holding in their B.C. joint venture.

Cecilia Jamasmie | April 2, 2012 | 5:59 pm

Lake Shore Gold announces reserve estimate for Timmins West mine, which will support next five years of production

Lake Shore Gold Corp.(TSX:LSG)(NYSE Amex:LSG) today announced a new reserve estimate for the Company's Timmins West Mine, located 18 kilometres west of theTimmins, Ontario. Timmins West Mine is a commercial producing underground mining operation involving the extraction of ore from two adjacent deposits, Timmins Deposit and Thunder Creek Deposit.

Cecilia Jamasmie | April 2, 2012 | 4:35 pm

Argentina to establish first protocol on mining social responsibility

The creation of the world’s first national protocol on sustainable and socially responsible mining was discussed at a meeting held in Argentina last week, called by the government of president Cristina Fernandez.

Cecilia Jamasmie | April 2, 2012 | 3:55 pm

Chinese government rolls up independent miners in rare earth industry group

In a move to curb the rampant domestic illegal mining of rare earth, as well as regulate its rare earths players, China is launching an industry association for the precious metal commodity on April 8.

Cecilia Jamasmie | April 2, 2012 | 2:31 pm

World’s first carbon neutral mine around the corner

The Yunong Qian project, located in the highlands of Nepal, might become world’s first carbon neutral mine, as Gekko Systems Pty Ltd announced today the final funding approval of the project, which will apply Gekko’s technology to achieve net zero carbon emissions.

Cecilia Jamasmie | April 2, 2012 | 1:37 pm

Paladin Energy forced to get new CFO as Korte moves to push world-class iron project

Uranium company Paladin Energy Ltd (TSX:PDN)(ASX:PDN) announced it named Alan Rule as its new Chief Financial Officer effective July 23, 2012. He would be replacing the current CFO, Garry Korte, who is joining Roy Hill Holdings, owned by billionaire mining magnate Gina Rinehart.

Cecilia Jamasmie | April 2, 2012 | 12:09 pm

S. Korea halts nuclear reactors over fake documents

Uranium market stable despite Japan’s pending decision on nuclear reactors

Long term uranium market fundamentals remain strong, despite worries over what Japan will do with 53 of its 54 nuclear reactors, which are currently rest shut down for maintenance or safety reviews, says Australian research group, Resource Capital Research (RCR).

Cecilia Jamasmie | March 30, 2012 | 1:24 pm

Rio Tinto follows Vale and joins Chinese iron ore trading platform

The move will allow the London-listed miner to sell non-contracted iron ore directly into China through the electronic trading platform.

Cecilia Jamasmie | March 30, 2012 | 12:58 pm

Ontario pays God’s Lake Resources $3.5 million for surrendering mining lease

Ontario will pay $3.5 million to Toronto-based junior mineral exploration company God’s Lake Resources (GLR) for surrendering its mining lease and claims near the Kitchenuhmaykoosib Inninuwug (KI) First Nation.

Cecilia Jamasmie | March 29, 2012 | 7:20 pm