Dr. Cameron Chai

Articles from Cameron

Cerrejon Mine Workers Vote in Favour of Strike Action

Cerrejon is a coal mining venture that BHP Billiton, Anglo American and Xstrata own in Colombia. Each company holds 33.3% of stake in the mine. The union of mine workers at the mine have voted in favour of a walkout over wage issues. The National Union of Coal Industry Workers represent 96% of the current employee strength at the mine.

30 Jan 2011

Capstone Mining Lowers Production Due to Disruptions

Capstone Mining Corp reported lower copper concentrate production in the fourth quarter at its Cozamin mine. The mine located in Mexico in the Zacatecas State was operating at 50% of its production level during that period.

27 Jan 2011

Botswana Diamonds Plans IPO

Botswana Diamonds is ready to list on the Botswana Stock Exchange by the end of February as per company officials. However the Botswana Stock Exchange said Friday that it had not received an listing application as of yet.

27 Jan 2011

Ex BHP Boss Don Argus Reluctant to Face Senate Inquiry

Don Argus is reluctant to face a Senate inquiry scheduled for February 7 in Melbourne. The former chairman of BHP Billiton had helped with a policy transition group which advised Wayne Swan about the planned $7.4 billion worth mining tax.

26 Jan 2011

Quadra FNX Mining Stock Drops on Output Figures

Quadra FNX Mining saw its shares drop due to the low production of copper being announced in 2010. The company said that it fell short of its production guidance in 2010 as it reported its full year production.

26 Jan 2011

CFMEU Says Mineworkers Facing Layoffs, Job Losses From Floods

The floods may not be the worst thing that miners will be facing in Queensland according to the Construction, Forestry, Mining and Energy Union (CFMEU). The CFMEU says that the mine workers in Queensland may also lose their jobs thanks to the heavy rains and floods.

24 Jan 2011

Riversdale Board Recommends Rio Tinto Takeover

The coking coal miner's last director to agree to the proposal was Tata Steel’s representative NK Misra. His appointment to the Riversdale Mining board of directors was by virtue to the 24.2% stake that Tata Steel has in the company.

24 Jan 2011

Gem Diamonds Awarded Mining Licence in Botswana

Gem Diamonds has obtained a mining license to explore the Gope diamond deposit located in the Central Kalahari game reserve in Botswana. The awarding of the license has brought about a sharp reaction from environmentalists such as Survival International.

23 Jan 2011

Newmont Mining Announces Increased Copper and Gold Output

For Newmont Mining the preliminary results for output of gold and copper production in 2010 are higher than in 2009. The compnay produced 5.4 million ounces of gold and 327 million pounds of copper in 2010. While the gold produced was marginally more there was a 45% hike in the production of copper when compared to 2009 figures.

23 Jan 2011

Miners Adopt Chile's New Tax Regime

Chile's new tax regime, to deal with rebuilding after the massive earthquake in 2010, is being accepted by most major mining firms operating in the nation.

20 Jan 2011