Cecilia Jamasmie , Senior Editor

The Toronto-based company said the bid of 48 cents per share in cash represents a 37% premium at the close of Petaquilla's trading on the Toronto Stock Exchange.

Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.

But South Africa's output continues to fall says the Economics Group’s.

An alleged unit from the Revolutionary Armed Forces of Colombia, or FARC, blew up Tuesday heavy equipment at the Colombian coal mine Cerrejon, in the northern province of La Guajira, part owned by BHP Billiton.

Over $1 million has lost Bolivia so far due to the conflict over rights at the silver, tin and zinc mine that used to belong to commodity trader Glencore (LON:GLEN), but that President Evo Morales nationalized last June.

Great Panther bought the project from Compañía Minera El Dore for $1,600,000 in cash.

Canada’s Labrador Iron Mines (TSX:LIM) said it had cut its capital expenditure (capex) budget as a result of iron-ore prices falling sharply during August.

The company says it expects construction costs to be about $158 million for the project and that commercial production will begin in the second half of 2014.

The new kid on Canadian Arctic block is announcing plans to build two mines in Nunavut in the next six years.

Malaysia's Atomic Energy Licensing Board granted a temporary licence for an initial two-year period under strict safety requirements.