Articles by Cecilia Jamasmie
Rio Tinto in Guinea: Will it stay or will it go?
Less than 24 hours after Australian newspaper Sydney Morning Herald published that Rio Tinto (LON:RIO) had decided to slow the pace at its multi-billion investment in Guinea’s Simandou iron ore project, Financial Times (subs. required) is reporting the miner …
Quebec Turning Hostile To Mining
Quebec, once considered the best place on Earth for mining investment, seems to be brushing the industry off, as a new report shows that most Quebecers disagree with current laws that give priority to firms over landowners, …
Mining Mergers In 2012 Hit Lowest In Seven Years: PwC
After a slow and cautious 2012, where mergers and acquisitions (M&A) in the mining sector fell 30% — the lowest since 2005 — transactions are expected to continue at a modest pace this year, says …
Barrick Gold fined in Chile, Faces Opposition in Dominican Republic
Canadian miner Barrick Gold’s operations in Latin America are giving the company more than one headache these days.
First, Chilean authorities charged the company with a $250,000 fine over its Pascua Lama mining project last week, …
Canada’s BC Government Faces Legal Action Over Gold Mine Rejection
The government of British Columbia, Canada, is facing legal action over refusing to give the requested permits to a proposed gold and copper mine on the shores of Morrison Lake, in the province’s northern interior.
According …
Amplats Hit Hard by South Africa’s Mining Strikes, Down to an Annual Loss
Anglo American Platinum (Amplats), the world’s top platinum producer, announced Monday an operating loss of $715 million in 2012 as it counted the cost of two months of wildcat strikes at its South African operations.
The loss by …
Canada Pushed to Defend Lead in Global Mining Business
While Canada remains the top destination for mining investments and has turned its resource advantage into a competitive edge across several connected industries, the sector needs to urgently deal with the emerging challenges, said Wednesday …
Amplats In Talks About Decision on Firing 14,000 Workers and Selling off Mines
Anglo American Platinum (Amplats), the platinum producer that last week announced it was firing 14,000 workers and selling off mines in South Africa, has suspended the measure until March.
According to the South African Broadcasting Corporation (SABC), the world’s …
South Africa’s Gold Fields output hurt by strikes
Gold Fields (NYSE, JSE:GFI), the world’s fourth-largest bullion producer, warned Monday it would report lower production figures for the October-December quarter, mainly due to the strikes that hit its South African operations last year.
Attributable production for the …
Lucky Aussie Prospector Finds Massive $260K Gold Nugget
An Australian amateur prospector still can’t believe his luck as the car hood he thought he had hit when digging turned out to be a 22-cm-long hunk of gold weighing 5.5 kg.
The discovery, qualified as …
