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Potash producers zone in on Amazon as investors pour $68 billion into Brazil mining

Potassio do Brasil, partly owned by Canadian merchant bank Forbes and Manhattan, is seeking to renew negotiations with Brazil's government over rights to a potash reserve in the Amazon currently held by state oil company Petrobras adjacent to what it called a 'world class' potash discovery last week. The Potassio do Brasil mine will take $4 billion to develop and follows news earlier this month from Toronto-listed Verde Potash which announced a 1.1 billion tonne resource at its Amazon Cerrado Verde project that is suitable for open pit mining. The discoveries come as Brazil readies a new mining royalty regime – in certain instances doubling the rate – which would be managed by government decree. Mining investment in the world's fifth largest economy is also predicted to accelerate to $68.5 billion through 2015.

Nortec (NVT) Signs Agreement for $20.5 Million Option of the LK Project, Finland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - Further to the press release dated July 27, 2011, Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) ("Nortec" or the "Company"), is pleased to announce that it has signed an Option and Joint Venture Agreement ("OA") with Otterburn Ventures Inc. (CSNX:OTB) ("Otterburn"). The OA gives Otterburn the option to earn up to an 80% interest in Nortec's Läntinen Koillismaa project, a 100 % owned palladium-platinum–gold–copper-nickel property ("LK Project"), located in north central Finland.

Empire provides progress update on Demirtepe copper-gold project, Turkey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to provide an update on the Demirtepe Project in western Turkey where drilling by Empire has consistently encountered significant grades and intervals of copper-gold-silver and molybdenum skarn mineralization in the Main Zone, including Discovery Hole DTH-001 which intersected2.02% copper, 0.96 g/t gold and 21.64 g/t silver over 47.35 m from 112.2 m to 159.55 m, including 8.0 m of 9.1% copper, 4.68 g/t gold and 95.3 g/t silver.

Cooper provides update on the thermal coal project in Pakistan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - Cooper Minerals Inc. (TSX VENTURE:CQ)(FRANKFURT:JM6) (the "Company" or "Cooper") would like to provide its shareholders with an update on its thermal coal project in Pakistan. Pursuant to the terms of the Option Agreement dated September 3, 2010 between Cooper and Mr. Gul Khan ("Gul"), Cooper and Gul have jointly formed a newly incorporated company, AJK Coal Mining Company (Private) Ltd. ("AJK"), in Pakistan for the exploration and production of coal.

Cornerstone reports 1.34% copper and 58.0 g/t silver over 19.5 m in trenching at La Fortuna copper-silver project, Chile

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Aug. 30, 2011) - Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today preliminary results for the ongoing exploration program at the La Fortuna copper-silver project located in the Valparaíso Region of central Chile, approximately 100 km north of Santiago.

North American Nickel initiates exploration on its Maniitsoq project, southwest Greenland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - North American Nickel Inc. ("NAN") (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) is pleased to announce that it has commenced a field campaign to evaluate prospective areas within its 4,841 km2exclusive mineral exploration licence. Electromagnetic anomalies, identified from a recent re-interpretation of a 1995 GeoTEM fixed wing survey, along with other areas of interest derived from compilation of previous work and satellite imagery will be ground checked in order to prioritize areas for helicopter borne time domain electromagnetic (TEM) surveying planned for September and October.

Obama should embrace oil

When it comes to energy, America is lucky to be next to Canada, whose proven oil reserves are estimated by Oil and Gas Journal at 175 billion barrels. This ranks just behind Saudi Arabia (260 billion) and Venezuela (211 billion) and ahead of Iran (137 billion) and Iraq (115 billion).

Macarthur Coal backs sweetened Peabody, Arcelor offer

Australia's Macarthur Coal has backed a slightly sweetened A$4.9 billion ($5.2 billion) takeover offer from Peabody Energy and ArcelorMittal . Peabody and ArcelorMittal raised their offer by 3 percent to A$16 a share and will also add Macarthur's A$0.16 a share dividend, for a total offer value of A$16.16. Macarthur bowed to the higher offer after fending off four takeover attempts over the past three years.