Oilsands Quest Inc. (NYSE Amex: BQI) ("Oilsands Quest," "OQI" or "the Company") has requested and obtained approval from the Alberta Court of Queen's Bench (the "Court") to conduct a process to solicit offers to acquire, restructure or recapitalize the Company (the "Solicitation Process"). The Company is also pursuing Debtor-in-Possession financing to provide liquidity as it conducts the Solicitation Process.

German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.

Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), are pleased to announce the receipt of the $30.1 million distribution from Exco Resources Limited.

Joy Global subsidiary P&H Mining Equipment is to invest $25 million in setting up a manufacturing and servicing facility for high-end mining equipment near Durgapur in West Bengal according to a report in India's Economic Times.

The George Gordon First Nation is seeking $10 billion from the provincial and Canadian governments over potash and oil properties the Saskatchewan first nation says it is owed.

Tropical cyclone Heidi hit the west Australian coast early on Thursday packing winds up to 120 kilometres per hour, forcing seaside residents to flee rising tidewaters and closing the world's biggest iron ore export terminals.

Listed Nickel Asia Corp. (NAC) hit a record high in shipment volumes last year amid strong demand from China, a disclosure to the local bourse showed yesterday.

Taseko Mines on Wednesday announced it is going ahead with its Gibraltar capital program and is planning to spend $134 million to complete the project by the end of this year. The investment will increase Taseko's share of copper production capacity to 140 million pounds per year. Taseko owns 75% of Gibraltar, located in British Columbia.

Aurizon Mines (TSE:ARZ) was down 1.82% today despite announcing a record year for gold production and strong growth prospects.