China's Minmetals Resources Ltd will raise $499 million from a share placement, IFR reported on Tuesday. The new shares were sold at HK$5.10 ($0.66) each, below the indicative price range of HK$5.20-$5.60, translating to a discount of approximately 13.4 percent to the last traded price, IFR, a Thomson Reuters publication, citing sources said.

The Wall Street Journal is reporting that Leighton Holdings Ltd., and two joint venture partners, have obtained a contract worth $586 million, to last 66 months, at one of the richest diamond mines in Botswana.

Teck Resources held an inauguration ceremony last Friday to celebrate the recent start of operations at its new Carmen de Andacollo copper concentrator. […]

In a scoping study, Lithium Americas outlined a plan to mine up to 40,000 tonnes per year of lithium carbonate in Argentina […]

Vancouver-based Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported earnings attributable to its shareholders of $461 million, or $0.78 per share. Adjusted quarterly profit was $450 million, or $0.76 per share, more than double the $198 million reported in the first quarter of 2010. Image by Teck Resources Limited

Rapid progress on the predevelopment phase of the giant Kibali gold project in the Democratic Republic of the Congo (DRC) is paving the way for the targeted mid-year start of mine construction.

Itaoeste, a mineral research and development company active in São Paulo, Piauí and Bahia, recently announced the discovery of a thallium deposit at Barreiras in Bahia, Brazil. With this new addition, the company’s portfolio, comprising manganese, cobalt, iron, titanium, gold, copper and phosphate, among others, becomes even more attractive and places Brazil in the select group of thallium producers, until now limited to China and Kazakhstan.

Capstone Mining will acquire all the issued and outstanding shares of Far West Mining. Total transaction value will be Can$725 million. Capstone released details of the agreement in a press release on Sunday. On Monday morning, Capstone shares (TSE:CS) were down about 7% to $3.93 a share.

Associated Press reports that rescuers have been trying to reach a miner caught in a cave-in more than a mile underground. The roof of a tunnel at the silver mine in northern Idaho collapsed where the 53-year-old miner and his brother were working.