Cecilia Jamasmie, Author at MINING.COM

De Beers sees diamond market showing signs of recovery, focused on SA mine expansion

World's biggest diamond producer said Friday jewellery demand will experience moderate growth this year, which represents a major shift from the 12% decline in rough diamond prices last year.

Cecilia Jamasmie | February 15, 2013 | 5:57 pm

US sanctions crossed out gold-for-gas trade between Iran and Turkey: report

The Turkey-Iran gold-for-gas exchange can be considered dead as tighter US sanctions imposed on Tehran have already stopped Turkish Halkbank from processing other countries’ energy payments to the OPEC oil producer.

Cecilia Jamasmie | February 15, 2013 | 3:03 pm

Planetary Resources want to raise $1m with its first asteroid prospectors

Asteroid miner ready to ‘save the Earth’ from falling celestial objects

Planetary Resources says it has already developed the prototype for a spacecraft that can help detect and characterize potentially hazardous asteroids.

Cecilia Jamasmie | February 15, 2013 | 12:53 am

World gold demand falls in 2012 for first time in three years

The World Gold Council predicts consumption of the precious metal should be steady this year, although unlikely to reach the high levels seen in the worst of the financial crisis.

Cecilia Jamasmie | February 14, 2013 | 5:04 pm

Barrick Gold suffers $4.2 billion writedown

The hefty impairment charge reflects higher-than-anticipated operating and sustaining capital costs at Lumwana.

Cecilia Jamasmie | February 14, 2013 | 2:54 pm

Rio’s Walsh delivers: 15% dividend hike on higher than expected second-half profit

Rio Tinto smashed by largest ever loss, new CEO vows cuts

The mining giant provided investors with a sour Valentine’s treat as it posted a $3 billion loss, its first ever full-year loss.

Cecilia Jamasmie | February 14, 2013 | 2:01 pm

Death of mining executives in Mexico likely to be elaborate scam: report

Mexican authorities and U.S. Consulate in Guadalajara unable to confirm the deaths. Investors claim nobody ever met the executives.

Cecilia Jamasmie | February 13, 2013 | 5:53 pm

Masked man helps save trapped miner

A person wearing a Spider-Man mask starred Monday an unusual and impressive rescue of three illegal miners trapped in an abandoned mine in South Africa.

Cecilia Jamasmie | February 13, 2013 | 4:12 pm

African Barrick Gold falls after posting poor results

Tanzania's largest gold miner posted a fourth quarter loss driven by heavy write-downs and a warning of a further fall in output.

Cecilia Jamasmie | February 13, 2013 | 3:17 pm

Gold Fields chairwoman quits for politics

Mamphela Ramphele's resignation fuels local rumours indicating she is planning to create a new political party to challenge the ruling African National Congress (ANC).

Cecilia Jamasmie | February 13, 2013 | 2:49 pm

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Cecilia Jamasmie , Senior Editor

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