Cecilia Jamasmie , Editor-in-Chief

Posts by Cecilia Jamasmie:

Rare earth elements

Korea and Canada to boost large-scale rare earth resources mine in S. Africa

Korea Resources Corporation (KORES) has reached a definitive agreement with Canadian Frontier Rare Earths Ltd. to secure a 10 per cent interest in the Zandkopsdrift rare earth element mining project in South Africa. The contract, signed in Johannesburg on Thursday, involves an investment by KORES in both Frontier and in the large-scale rare earth element project owned by the Canadian company, along with an off-take agreement that could commit up to 31 percent of future production.
Cecilia Jamasmie | December 5, 2011 | 5:28 pm

Codelco to invest over US$4 billion in 2012 as Anglo American hurries to resolve conflict

Chile's state copper giant Codelco plans to invest over US$4 billions next year to speed up the development and construction work at several new mining projects, including Ministro Hales Mine (former Mansa) in the North of the country and the expansion of El Teniente, in the South. Meanwhile, global miner Anglo American's CEO Cynthia Carroll is allegedly under pressure to resolve the ongoing dispute with Codelco as soon as possible or shareholders will demand changes at the top, the Financial Times reports today.
Cecilia Jamasmie | December 5, 2011 | 3:35 pm

Global aluminum demand to slow in 2012, says top producer

Norsk Hydro, one of the world's top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. In a press release, Hydro's President and CEO Svein Richard Brandtzæg showed confidence in the market and he company, despite the fact Hydro's stocks dropped 2.9 percent after the prediction.
Cecilia Jamasmie | December 2, 2011 | 4:08 pm
indonesia old map

British Churchill Mining threatens Indonesian government with arbitration

London-listed Churchill Mining Plc is threatening Indonesia to seek international arbitration, saying that the company was unlawfully deprived of a US$1.8 billion coal discovery in the jungles of Borneo Island. The East Kutai project is a huge resource with a JORC compliant estimate of 2.7 billion tonnes of coal, acquired by Churchill in 2007 through an acquisition of a 75% stake in Indonesian group Ridlatama.
Cecilia Jamasmie | December 2, 2011 | 2:59 pm

Experts urge Canada to follow New York’s “no fracking way” example

Expert from Cornell University, said that authorities should wait for results of the several ongoing studies on health and environmental dangers of fracking before granting rights to mining companies. In a talk given last night in New Brunswick, Canada, Dr. Ingraffea, said that one of the biggest problems of fracking is the failure of wells, which allowes methane gas to escape, polluting drinking water and entering the atmosphere.
Cecilia Jamasmie | December 2, 2011 | 8:00 am
anglo american, chile, los bronces

Codelco starts new legal actions against Anglo amid accusations of generating an “artificial dispute”

The legal battle between Codelco and Anglo American is escalating. Yesterday, Chile’s state-owned copper company lodged a so-called pre-judicial preparatory measure in the 17th Civil Court of Santiago, seeking details of Mitsubishi’s purchase of a 24.5 percent stake announced on Nov. 9. The measure aims to ultimately annul the $5.39 billion deal between Anglo and Mitsubishi. While this was happening, London-based miner filed a legal action to annul Codelco’s “protection petition” presented Nov.14, which prevents Anglo from keep selling part of its assets.
Cecilia Jamasmie | December 1, 2011 | 2:50 pm

Australian gold producer BCD Resources closing its Beaconsfield underground gold mine next year

Australian gold producer, BCD Resources has announced that it will close its Beaconsfield underground gold mine next year as today's gold price it is not viable to mine below the current depth of 1210 metres, said CEO Peter Thompson. The announcement comes nearly a year after the mine retrenched close to 100 workers in an attempt to make it profitable. Currently, over 150 people work in the mine, 103 of them being full-time employees, as well as 16 casuals and 32 contractors.
Cecilia Jamasmie | November 30, 2011 | 3:27 pm

Australian mining investments reach historic record

Australia's total investment in mining industry soared by a third in the past six months to a record $231.8 billion, according to the Bureau of Resources and Energy Economics latest Mining Industry Major Projects - October 2011 report. The study, issued today, includes a record 102 projects at an advanced stage of development, including 40 minerals projects, 37 energy projects, 21 infrastructure projects and four mineral processing projects.
Cecilia Jamasmie | November 29, 2011 | 5:13 pm

Farmer’s legal battle against coal company intensifies

Australian landowner Ian Moore has taken to court his battle against coal company NuCoal, which wants access to drill three boreholes on his property north of Sydney for its proposed Doyle’s Creek mine. Moore says he opposed the operations because of the potential damage it could cause to underground water supplies and because he is legally blind and relies on a visual memory of his property to farm, which the drilling operations and bore holes could hinder. The beef farmer has been backed up by locals, who fear their property could be next.
Cecilia Jamasmie | November 29, 2011 | 4:01 pm
Featured Post

Hochschild Mining grows Brazil portfolio with Monte Do Carmo project

Hochschild already has an operating gold mine in Brazil, Mara Rosa, which reached commercial production in May.
Cecilia Jamasmie | October 30, 2024 | 4:28 am