Lumina Copper and Lumina Royalty announced that they have closed their previously announced arrangement. Under the terms of a statutory plan of arrangement which received shareholder approval on June 7, 2011 (the "Plan of Arrangement"), the shareholders of Lumina Copper (the "Shareholders") each received, as a distribution in respect of a reduction of capital, one common share of Lumina Royalty for each common share of Lumina Copper

EnerVest Energy and Oil Sands Total Return Trust (the "Fund") (TSX:EOS.UN) announces the June 2011 distribution of $0.0417 per unit. The record date for this distribution is June 30, 2011 and the payment date will be July 15, 2011. The ex-distribution date for this payment is June 28, 2011. The Fund is listed on the TSX under the symbol EOS.UN and is an actively managed, diversified closed-end trust investing in developers and miners of the oil sands industry as well as businesses that are indirectly involved with the oil sands industry through the provision of supplies and services.

We will continue to drive shareholder value through operational efficiency as we move into future phases of our oil sands business in Canada.” First oil at LDP was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800

According to local paper, the Duluth News Tribune, P&H Mining Equipment is to close its main Minnesota Iron Range offices in Mountain Iron, Buhl and Hibbing after construction of a new $16 million, 82,000 ft2 building off US Highway 53 on the town of Virginia’s north side. The building should open next summer and will include office space and a giant service floor and crane for equipment repair and service.

Zambia's finance minister said on Thursday that audits had highlighted tax "issues" with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L:Quote), and Canada's First Quantum Minerals (FM.TO: Quote) in addition to Glencore's (GLEN.L:Quote) subsidiary in the country.

NGEx Resources (TSX: NGQ) added more than a hundred metres to the western extent of the higher-grade zone of its Los Helados project, a deep copper-gold porphyry about 170 kilometres southwest of Copiapó, Chile. Along a roughly 500-metre-long portion at the western edge of the deposit, three drillholes made significant strides for NGEx, with one cutting a 700-metre long intercept into Los Helados' higher-grade zone.

India's Tata Steel on Thursday agreed to sell its 26 percent stake in Australia's Riversdale to Rio Tinto for $1.1 billion, giving the Anglo-Australian giant full control of the coal miner. Tata, the world's No 7 steelmaker, will sell shares in an open offer at A$16.5 each. Riversdale shares closed little changed at A$16.50 in Sydney on Thursday before Tata Steel's announcement.

Chinese industrial executives say the world's supply of rare earth minerals will outstrip demand within five years, ending reliance on China's exports. Wang Hongquain, general manager of China Nonferrous Metal Industry's Foreign Engineering and Construction Company (NFC), toldChina Daily more nations with large rare-earth deposits will resume exploration, which will lead to a global reallocation of the minerals.

With a new government-backed CEO, a capex budget and acquisition war chest that dwarfs others, record net profits, a very generous dividend policy, strong fundamentals in its core business, aggressive expansion into high-growth areas and regions – notably potash and Africa – and a stock that looks downright cheap next to its peers, what is not to like about Vale? After slumping to an 8-month low less than a month ago it now seems investors are finally beginning to warm to the the diversified Brazilian miner. In the month since Murilo Ferreira has been head, the planet's third most valuable mining company has risen against the other supermajors and outperformed the broader market by 7%.