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Harry Winston Diamond Corporation reports fiscal 2012 first quarter results

Harry Winston Diamond Corporation (TSX: HW) (NYSE:HWD) (the "Company") today announced its first quarter Fiscal 2012 results for the quarter ending April 30, 2011. Robert Gannicott, Chairman and Chief Executive Officer stated, "This quarter's results reflect improving rough diamond prices combined with increasing sales and profit for the luxury brand segment.

CanAlaska Uranium to list on the Toronto Stock Exchange

CanAlaska Uranium Ltd. (TSXV: CVV)  ("CanAlaska" or the "Company") is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") within the next two weeks.  The company's current trading symbol, CVV, will remain unchanged. "This graduation to the senior TSX board represents another milestone in the development of CanAlaska Uranium," said Mr. Peter Dasler, President & CEO.

New resource estimate could revitalize historic Pickle Crow Mine

One of Canada's most successful, historic gold mines is poised for a renaissance following a new resource estimate that outlines 1.26 million ounces of gold. The updated NI-43101, filed Wednesday by Ottawa-based PC Gold, says the gold is contained in 10.15 million tonnes of ore averaging 3.9 g/t Au. The deposit has a higher-grade underground component of 1.1 million ounces averaging 5.4 g/t Au, with almost half — 600,000 ounces — contained in high-grade veins grading 9.3 g/t Au. Image by PC Gold Inc.

South Africa’s largest union backs mine nationalization

South Africa's National Union of Mineworkers' central committee on Wednesday backed the country's Freedom Charter clause on nationalization and the ruling ANC party's resolution of 2010 to look at a greater role for the state in the economy. NUM is the largest union and represents the majority of workers in South Africa's mining industry. Through its affiliation with the Congress of South African Trade Unions it is also part of the country's ruling alliance, which next year will make a formal decision on the nationalization of the resource sector, long the bedrock of the African nation's economy.

Conditions at Chinese mines in Zimbabwe ‘inhuman and unsafe’ – union

Zimbabwe's Newsday reports the National Mine Workers’ Union has complained about the working conditions at Chinese-owned chrome and gold mines dotted around the Midlands region, saying they were inhuman and unsafe. At a meeting to commemorate the death of 427 Hwange miners at the Kamandama underground mine in 1972, national organising secretary Cotten Ndlovu said miners at Chinese-run companies were being forced to work long hours without incentives and protective clothing and accused Chinese mining firms of flouting the country’s labour laws.

Taseko invites public comment on proposed Prosperity Mine plan

Taseko Mines is inviting public discussion on its revised plan for developing a controversial gold-copper mine in British Columbia. Information on the project and a commentary section are found at http://www.newprosperityproject.ca. Taseko announced in February it is taking another run at Prosperity after the federal government rejected it last fall. Under the revisions, the company plans to spend another $300 million, pushing the project's capex to $1.1 billion. Image by Taseko Mines Ltd.

Rodinia intersects high grade lithium and potash at Salar de Diablillos

Canada’s Rodinia Lithium Inc. announced on Wednesday encouraging results from its continued reverse circulation drill program at its Salar de Diablillos project located in Salta Province, Argentina close to FMC Corp’s lithium mine, the world’s third largest. Rodinia focuses on lithium exploration and development in North and South America and the commercialization of a significant potash co-product that is expected to be recoverable through the lithium harvesting process. Listed on the TSX-Venture exchanged, shares in the tightly held junior had lost over 4% in afternoon trade.