Cecilia Jamasmie, Author at MINING.COM

Rubicon Minerals announces Cdn$200 million bought deal financing

Rubicon Minerals stocks were diving this morning (TSE:RMX) (AMEX:RBY) close to 5 per cent as the Canadian company said Monday that it has agreed to a $200.9 million bought deal financing, with funds to be used for the development of its Phoenix gold project in Red Lake, Ontario.

Cecilia Jamasmie | February 6, 2012 | 4:17 pm

Anglo Pacific taps into Australian iron ore project

Anglo Pacific Group (TSX: APY) (LSE:APF) has agreed today to a proposal with Red Rock Resources Plc to acquire 50% of the Mount Ida 1.5% Gross Revenue Iron Ore Royalty (GRR) currently held by Red Rock Resources.

Cecilia Jamasmie | February 6, 2012 | 3:41 pm

New GE excavator promises moving more earth for less cost

Surface mine operators are finding it harder to deliver the same amount of minerals in the same time with existing technologies. The ore being uncovered has lower concentrations of minerals as existing sites become more mature. As a result, mining companies are increasingly under pressure to find more energy efficient and reliable solutions.

Cecilia Jamasmie | February 6, 2012 | 3:09 pm

Codelco already struggling to match 2011 copper output

Chilean state giant Codelco, the world's biggest copper producer, will have to strive this year to match record 2011 copper production of 1.735 million tonnes, said CEO Diego Hernandez to the El Mercurio newspaper's Sunday edition.

Cecilia Jamasmie | February 6, 2012 | 3:00 pm

Gold price: Hedge funds push bullish bets to 8-month high

Randgold Resources shines bright as year profit soars

London- and Nasdaq-listed gold producer Randgold Resources Ltd. (LON:RRS) (NASDAQ:GOLD) stocks went up 3.5 percent after the West Africa-focused miner reported a more than fourfold rise in net profit for the year ended December 2011 due to higher gold prices and a significant increase in production.

Cecilia Jamasmie | February 6, 2012 | 1:48 pm

Caterpillar profit drops for second successive quarter due to weak mining demand

Caterpillar shuts locked out Electro-Motive plant in Canada

American-based heavy equipment maker Caterpillar (NYSE:CAT) through its subsidiary Electro-Motive Canada (EMC), said today that it is closing EMC's locomotive production operations at its London, Ontario plant, after several months of unsuccessful contract negotiations with the Canadian Auto Workers union.

Cecilia Jamasmie | February 3, 2012 | 5:33 pm

Despite violent demonstrations and a cancelled inauguration ceremony, Latin American Minerals starts operations in Paraguay

A day after violent demonstrations forced the cancellation of the grand opening of its newly minted Independencia Mine in Paraguay, Latin American Minerals (CVE:LAT)(OTCQX:LATNF) announced that it began operations at its Pilot Plant facility, located at the Paso Yobai gold project.

Cecilia Jamasmie | February 3, 2012 | 3:35 pm

Cluff Gold expands its mining operations in West Africa

Cluff Gold (TSX:CFG) (AIM:CLF), a gold miner focused mainly in West Africa, announced on Friday that it will buy Orezone Gold’s Sega gold project mining licences and property in Burkina Faso for 11-million shares and $15-million in cash.

Cecilia Jamasmie | February 3, 2012 | 1:50 pm

Xstrata and Glencore went from dating to a (more) serious relationship

The long-term fling between mining group Xstrata PLC (LON:XTA) and commodities trader Glencore International PLC (LON:GLEN) is getting serious. In a statement in response to increasing speculation about an upcoming merger, Xstrata confirmed today that it is in negotiations with Glencore.

Cecilia Jamasmie | February 2, 2012 | 2:23 pm

BHP axes nickel operations in Western Australia

BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.

Cecilia Jamasmie | February 1, 2012 | 3:43 pm