Cecilia Jamasmie , Senior Editor

Chile Copper Giant Codelco to invest over US$4.3 bln in 2012

Chilean state giant Codelco, the world's biggest copper producer, plans to invest over US$4.3 billion this year, said the company’s president Diego Hernandez said on Tuesday

Cecilia Jamasmie | March 6, 2012 | 4:58 pm

Gold takes the most hits in Tuesday’s rough markets

Gold prices tumbled to $36.45 or 2.1% to $1,669.21 per ounce on Tuesday morning due to worries about Greece and a flight to the American dollar.

Cecilia Jamasmie | March 6, 2012 | 4:35 pm

Rio Tinto to close its UK Lynemouth smelter

Rio Tinto Alcan, the aluminum division of Rio Tinto PLC (RIO) announced today it will close its Lynemouth aluminum smelter in Northumberland, England at the end of March, as part of its aluminum restructure plan.

Cecilia Jamasmie | March 6, 2012 | 3:06 pm

Thousands of Peruvians protest against tougher illegal mining sanctions

Over 5,000 informal miners started an indefinite protest in the gold-rich Peru's Madre de Dios region on Monday, demanding the government to revoke a new decree that regularizes small-scale and artisanal operations.

Cecilia Jamasmie | March 6, 2012 | 2:19 pm

Latin America leads global mining exploration spending again

Latin America remained the most popular exploration destination, attracting 25% of global explorations spending in 2011, said to the Halifax-based Metals Economics Group's World Exploration Trends report released on Sunday.

Cecilia Jamasmie | March 5, 2012 | 6:43 pm

Over $1 Billion in mineral exploration attracted Ontario in 2011

Investment in mineral exploration in Ontario, Canada, exceeded $1 billion for the first time last year, said today the Minister of Northern Development and Mines, Rick Bartolucci.

Cecilia Jamasmie | March 5, 2012 | 5:53 pm

Ontario government tries to avoid confrontation with First Nations at PDAC

In what was clearly a strategic move, the Ontario Ministry of Northern Development and Mines released a statement on Sunday saying that it has withdrawn all lands near the Kitchenuhmaykoosib Inninuwug (KI) community from prospecting and mineral staking.

Cecilia Jamasmie | March 5, 2012 | 4:11 pm

Near-record for mining M&A in 2011 to be followed this year by an “African Renaissance” – PwC

If 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion announced in the global mining sector, 2012 will be remembered as the year of the “African Renaissance,” concludes the latest PricewaterhouseCoopers’ report released this morning.

Cecilia Jamasmie | March 5, 2012 | 12:52 pm

Ecuador to sign $1.4 billion copper contract but Kinross gold project stalled

Chinese-owned mining company Ecuacorriente will sign a contract to invest $1.4 billion over five years for extracting copper in Ecuador's southern Amazon, reports local newspaper La Republica.

Cecilia Jamasmie | March 2, 2012 | 3:53 pm

New Gold reached record 212% increase in net earnings last year

A record of 212% increase in net earnings in 2011, as well as record annual gold production of 387,155 ounces, reported gold miner New Gold (TSX and NYSE AMEX:NGD).

Cecilia Jamasmie | March 2, 2012 | 3:15 pm

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