Uranium exploration in Australia’s eastern state of New South Wales (NSW) may soon become a reality after Premier Barry O'Farrell's cabinet checked off on a proposal to reverse a 26-year-old ban, reports the Sydney Morning Herald.

The Fukushima disaster reminded us all of the dangers inherent in uranium-fueled nuclear reactors.

After over two months of futile negotiations behind closed doors between Chile's state-owned copper giant Codelco and global miner Anglo American, a resolution of the dispute that have seen both parties sunk in a legal battle seems far off, said Codelco's CEO Diego Hernandez to a local daily.

The Washington Post reports a "stark collision of cultures" is taking place in the desert mountains of Mexico, where the Huichol Indians are trying to stop a Canadian company from starting a $100-million silver mine.

The President's proposed fiscal 2013 federal budget calls for a 5% gross mining royalty on federal lands, and a hardrock abandoned mined land fee on all private and public lands.

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Fortescue Metals was up 5% Monday on rumours that Canadian coal and copper/zinc miner Teck Resources is making a play for the third-largest iron ore producer in Australia.

An Indian conglomerate is planning to build Queensland's biggest coal mine near Rockhampton in the state's central region, including a new town, runway, railway and port facilities.

Although some Asian firms have found creative ways of doing business with Iran, European iron ore traders and shipping companies are shying away completely from transacting with the country as US-led sanctions start to have an impact.