Miners are worried that the new mining law, which is expected to be passed by Finland’s parliament on Tuesday, could increase bureaucracy […]

While the jury remains out on exactly what went wrong at certain tsunami-and earthquake-impacted nuclear power reactors in Japan, investors took decisive action on Monday, selling down listed uranium stocks by up to a third. Smaller stocks were especially punished. During Australian trade, Pitchstone Exploration was sold down by 32% on the day. The world's biggest listed uranium producer, Canada's Cameco, fell 12.7% to close at $31.70.

Eurasian Minerals Inc. (TSX-V: EMX) announced the completion of the second tranche of its CAD $17.875 million private placement by the sale of 921,000 units for proceeds of CAD $2,993,250. Each unit, priced at CAD $3.25, consisted of one common share and one-half of one common share purchase warrant. Each full warrant entitles the warrant holder to purchase one additional common share of EMX until March 14, 2013 at a purchase price of CAD $4.00.

Mining in northern British Columbia received a shot in the arm on Monday. The College of New Caledonia will purchase heavy-haul truck and front-end loader simulators to provide virtual training for a total of 50 students each year, as part of the Mining Industry Certificate Program. The program will train students for employment as heavy equipment operators in surface mining operations located in northern B.C.

Altius Minerals made a profit of $69.3 million, or $2.38 per share, in the three months ending January 31 — the Canadian iron ore producer's third quarter. That compares to a $102,000 loss in the same period last year. Quarterly revenues were 1.1 million versus $912,000 for the previous year's Q3. Altius also gained $84.6 million after transferring its 100% interest in the Kami iron ore property to Alderon Resources Corp. in exchange for 32.3 million shares of Alderon.

Gold futures rose for the second straight session as Japan’s strongest earthquake on record boosted demand for a haven asset, reports Bloomberg. Palladium fell for an eighth straight session, the longest slump since July 2008. Equities declined worldwide as officials said the death toll from the earthquake and tsunami may top 10,000. Technicians tried to contain damage from a second explosion at a nuclear plant north of Tokyo.

Reuters is reporting that FE Steel, the world's No 5 steelmaker, on Monday halted production at a plant near Tokyo and global fourth-ranked Nippon Steel suspended operations at two small plants: - JFE said shipments from its 10 million tonnes per year Higashi Nihon plant near Tokyo had virtually halted due to a power outage. - JFE resumed operations on Sunday of two blast furnaces at its Higashi Nihon plant, one of its two mainstay plants, which were idled after Friday's quake and tsunami.

A Practical Mine Ventilation Design and Control short course will be offered by Missouri University of Science and Technology and the Western Mining Safety and Health Transition Center May 4-6, on Missouri S&T's campus. Those who complete the course will receive 24 professional development hours.

This three-day course will provide a sufficient background to design and maintain an underground ventilation system. The materials taught apply to most underground situations, including coal, metal, and nonmetal mines, with the emphasis on practical applications.

The course is designed for ventilation and planning engineers, safety engineers and production, technical and supervisory personnel who require proficiency or a refresher course in mine ventilation. For the computer simulation section, experience on the use of computers is helpful but not necessary.

Australian uranium counters took a substantial hit on Monday in the wake of the crisis at the Fukushima nuclear power plant in […]