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Cameco, Uranium One shares fall on Germany’s nuclear decision

Shares of top Canadian uranium producer Cameco (CCO.TO: Quote) slipped as much as 4.4 percent on Monday, after Germany said that it plans to shut all its nuclear reactors by 2022. The move to shut down its nuclear program comes just nine months after Berlin announced an extension to the lifespan of its plants by an average 12 years.

Ethiopian Potash share price soars, but on what?

Although there was no apparent news driving it, Ethiopian Potash's (TSX-V: FED) shareprice leapt by as much as 20 percent Monday, up from 75 to 90 cents on strong volume. The push upwards may come from investors in anticipation of drilling results from Ethiopian Potash's Danakil property, where it reports an inferred resource of 128 million tonne @ 21 percent potash.

Youngest student yet enrolls in B.Eng at WA school of mines

Australian Mining: At 15 years of age, Nigeria-born Bukayo Taiwo has become the youngest ever student to enrol at Curtin University’s West Australian School of Mines (WASM).

Taiwo enrolled at Murdoch college and graduated at 15, paving the way for her to enrol to study for a Bachelor of Engineering/Commerce at WASM.
She says she is excited to begin studying for her long-term goal of working as an engineer in the mining industry.

Black Iron intersects 32.1% iron over 164 meters in Twin Hole at its Shymanivske project in Ukraine

Black Iron reported initial assay results from its ongoing confirmation ("twin hole") and metallurgical diamond drill program at the Company's Shymanivske Iron Ore Project in Ukraine. The Company is encouraged by the results of the initial two holes highlighted by 20342-T that intersected 164 meters grading 32.1% iron, including 83 meters grading 33.8% iron. Matt Simpson, President and Chief Executive Officer of Black Iron, commented, "As anticipated, the assay results from the first two twin holes align well with the historical drilling logs for the Project."

Iberian Minerals announces purchase of net profit interest from Trafigura and $62 million “bought deal” financing

Iberian Minerals Corp. (TSX VENTURE:IZN) today announced that it has determined to exercise its right to purchase from Trafigura Beheer B.V. its 45.96% net profit interest in Compania Minera Condestable S.A. ("Condestable"), which is the subsidiary through which Iberian holds its approximately 98.73% interest in the Condestable Mine. In accordance with the terms of the CMC Purchase Agreement, Iberian retained the option to purchase the NPI from Trafigura at any time until June 30, 2011 in consideration of the payment of US$60,000,000 (the "NPI Buy-out").

America West Resources completes mine development and commences full production at Horizon Coal Mine

America West Resources, Inc. (OTCBB: AWSR), a domestic compliant coal producer with mining operations in Central Utah, today announced that it has successfully completed mine development and commenced full production at Horizon Coal Mine, located in Carbon County about 120 miles southeast of Salt Lake City, Utah. It is estimated that there is more than 16 million recoverable tons of high quality, thermal coal reserves under lease at the Horizon Mine. Over the past 36 months, America West has focused on implementing a mine development strategy utilizing a room and pillar mining approach to excavating coal deposits from the 1,640 acre mining leasehold.

Azumah strengthens Australian links in Ghana

Azumah Resources Ltd (ASX: AZM) said today it has secured an 11% stake in Castle Minerals Ltd (ASX: CDT) through a holding of 11.081 million shares. Azumah's managing director Stephen Stone said the company viewed the holding as a strategic investment that would increase Azumah's options should any of the growing market-based speculation about consolidation in the West African gold sector unfold.

Chinese, Indian coal demand to surge by 2015

Top coal consumer China should see import demand more than double in the next four years and India will be close behind as both hoover up supplies on international markets to feed rapidly growing power industries, industry executives said on Monday. China's thermal coal imports could rise to 200 million tonnes in 2015 from around 90 million tonnes in 2011, Neil Dhar, executive vice president of trading house Noble Group, told the Coaltrans Asia conference.