Cecilia Jamasmie , Senior Editor

First Majestic’s production in Mexico up 14% in Q2

Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.

Cecilia Jamasmie | July 18, 2012 | 4:20 pm

Goa must clean up mining practices or lose heritage destination

A UK Labour MP has moved an “early day motion” in the House of Commons seeking a debate on mining in the Indian state of Goa, calling upon the British government to urge local authorities to address the issue as a matter of urgency.

Cecilia Jamasmie | July 18, 2012 | 3:16 pm

Dark period for Caterpillar: downgraded from buy to hold

Global securities and investment banking group Jefferies downgraded Caterpillar from a “buy” to a “hold” rating, with a price target of $85.00, adding to a series of previous reports affecting the company's stock.

Cecilia Jamasmie | July 18, 2012 | 1:57 pm

Rusoro asks World Bank to arbitrate dispute with Venezuela

Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over the junior’s investments without compensation.

Cecilia Jamasmie | July 18, 2012 | 1:03 pm

Unions left out of Newmont’s negotiations in Peru

Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.

Cecilia Jamasmie | July 16, 2012 | 4:38 pm

How to get rich in outer space: a visual guide

Recent developments show that becoming rich by profiting of the minerals that asteroids, stars and unknown planets have to offer it is closer than ever. Before it is too late, check this infographic on how to profit in the new Space Age.

Cecilia Jamasmie | July 16, 2012 | 3:38 pm

UK’s imminent sale of uranium producer to bring in billions

British taxpayers could net as much as $4.6 billion with the government’s sale of its stake in nuclear power giant Urenco, a move which aims to solidify the country’s policy to end national ownership of nuclear businesses.

Cecilia Jamasmie | July 16, 2012 | 2:55 pm

The mining boom in Australia is over, or is it?

This was the year for Australia’s mining boom Martin Ferguson hinted on Monday. The Resources Minister highlighted the end of the high commodity prices era that will force the country’s industry to increase its productivity and develop new technologies in order to remain competitive.

Cecilia Jamasmie | July 16, 2012 | 1:34 pm

Ecuador to ‘make it easier’ for mining companies

Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.

Cecilia Jamasmie | July 13, 2012 | 5:31 pm

South Africa’s top mining execs push for higher safety standards

South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the local mines.

Cecilia Jamasmie | July 13, 2012 | 3:45 pm

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