Cecilia Jamasmie , Senior Editor

Xstrata sells two African coal assets

Xstrata, one of the world's largest thermal coal exporters, announced today that it has completed the sale of two Mpumalanga collieries to black economic-empowered (BEE) group Imbawula, for an unrevealed sum.

Cecilia Jamasmie | February 16, 2012 | 2:19 pm

Barrick Gold’s profit growth lower than expected

Barrick Gold Corp. (TSX:ABX), the world’s biggest gold miner, announced that profit slipped in the fourth quarter as the company booked US$153-million in various after-tax charges tied to redundant power assets and its investment portfolio.

Cecilia Jamasmie | February 16, 2012 | 11:41 am

Colombia to attract $2.1 billion in gold-related investments by 2015

Gold mining in Colombia is shining bright as major gold players are expected to invest U.S. $ 2,100 million by 2015, reports local newspaper La Republica.

Cecilia Jamasmie | February 15, 2012 | 5:39 pm

International unionists to march in support of Rio Tinto locked-out Canadian workers

Unionists from around the world will gather in the Canadian city of Alma, Quebec, from March 30 to April 1, to express their support for locked-out Rio Tinto Alcan workers who are fighting to preserve decent jobs, said international unions representatives on Wednesday.

Cecilia Jamasmie | February 15, 2012 | 4:00 pm

Peru’s Conga Mine future in hands of foreign consultants

Peru’s long-running Conga mine dispute moved slightly forward on Tuesday after the government appointed foreign engineers to oversee an independent review of Newmont Mining Corp.'s stalled $4.8 billion gold project, reports La Republica.

Cecilia Jamasmie | February 15, 2012 | 3:17 pm

Golden Predator acquires Brewery Creek gold mining project in Yukon

Canadian junior gold miner Golden Predator Corp. (TSX:GPD) has agreed to buy the Brewery Creek project in the Yukon from Alexco Resource Corp. (TSX:AXR) in a cash-and-stock deal worth about $8 million, announced the company today

Cecilia Jamasmie | February 15, 2012 | 3:06 pm

Rio Tinto and BHP to finance huge expansion at Escondida in Chile

A week after announcing substantial profits and the expansion of their vast Western Australia iron ore operations, BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE:RIO) said yesterday that they would spend $US 4.5 billion on the Escondida copper mine in Chile.

Cecilia Jamasmie | February 15, 2012 | 2:17 pm

Australia’s NSW state overturns 26-year-old uranium ban

Uranium exploration in Australia’s eastern state of New South Wales (NSW) may soon become a reality after Premier Barry O'Farrell's cabinet checked off on a proposal to reverse a 26-year-old ban, reports the Sydney Morning Herald.

Cecilia Jamasmie | February 14, 2012 | 5:02 pm

Anglo American/Codelco secret talks fiasco could extend legal battle up to five years

After over two months of futile negotiations behind closed doors between Chile's state-owned copper giant Codelco and global miner Anglo American, a resolution of the dispute that have seen both parties sunk in a legal battle seems far off, said Codelco's CEO Diego Hernandez to a local daily.

Cecilia Jamasmie | February 14, 2012 | 2:32 pm

Barrick walks away from venture with gold Russian explorer

Russia-focused gold producer Highland Gold Mining Ltd. (LON:HGM) shares were falling dramatically this morning after the company announced that Canadian Barrick Gold Corp. (TSE:ABX) would to sell its 20.4 per cent stake in the company, as it no longer considered the investment as core to its business operations and strategy.

Cecilia Jamasmie | February 13, 2012 | 3:11 pm

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