India Express said that Veolia Environment plans to process street sweepings in London to extract platinum group metals. Image from Ponchitos

The Ottawa Citizen reports that the Ontario NDP, which is fighting a provincial election and challenging the incumbent Liberal Party, want to change the provincial mining act so more mine processing work stays in the province. The Liberal Party says such legislation would ultimately hurt the industry.

Although its future is unclear, significant expansion of nuclear power capacity is projected to occur in non-OECD countries, especially China, India and Russia, according to the U.S. Energy Information Administration. The government agency released its International Energy Outlook 2011 last week. "China, Russia, and India account for the largest increment in world net installed nuclear power from 2008 to 2035: China adds 106 gigawatts of nuclear capacity over the period, Russia 28 gigawatts, and India 24 gigawatts."

Speaking to the media on Wednesday, Caterpillar (NYSE:CAT) Group President and Chief Financial Officer Ed Rapp wants a lower corporate tax rate […]

Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL) said that three of its staff and four visitors were injured in the crash of Arctic Sunwest's Twin Otter floatplane in Yellowknife on Thursday. All seven passengers were injured during the crash, but the company said none of the injuries are life-threatening. No other information was provided.

Reuters says trouble may be brewing in the Marcellus shale formation after a Pennsylvania appeals court raised questions about claim ownership. Image […]

The unconventional liquid fuel industry, like oil sands and shale oil, is projected to grow 4.6 per year through to 2035, according to the U.S. Energy Information Administration. The government agency released its International Energy Outlook 2011 last week. The report states that geopolitics and regulation will help the unconventional liquid fuel sector sustain growth for the next 20 years and beyond.

Namakwa Diamonds sold its mining and exploration operations for US$6.25 million to Hall Farm Avenue Limited, the corporate vehicle of a management team lead by the Company’s DRC Country Manager, James Tregenza. Payment will be settled over a 5-year period, with a minimum payment of US$1.25m required in each year during this period.

Teck Resources Limited (NYSE: TCK) will invest $210 million at its Trail Operations to increase its capacity to recycle end-of-life electronic waste and $475 million in a mill modernization project at Highland Valley Copper. Both operations are located in British Columbia. The No. 4 Furnace Project at Trail Operations includes the construction of a new slag fuming furnace and settling furnace that will integrate into the existing lead smelting process. Construction on the project will begin in 2012 with completion scheduled for 2014.

BBC's Gavin Hewitt takes the pulse of the populace in Greece and sees political roadblocks to further tightening by the Greek government.

World markets tumbled overnight as bad news mounts and investors turn pessimistic. The Hang Seng fell 4.95%, the S&P ASX was down 2.63% and the Shanghai composite index is down -2.78%. Even gold, the traditional fear trade, was off three percent and trading at $1,739.

Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.