The East African reports that the Russian state-owned nuclear energy firm JSC Atomredmetzoloto (ARMZ) is shelving a plan to acquire the $1.16 billion Mkuju Uranium assets in Southern Tanzania over the recent Japanese nuclear plant crisis. The move comes a month after the Russian firm obtained a take-over approval from the government of Tanzania under the Fair Competition Act 2003. The Tanzanian government had said that it would start higher grade uranium mining in early 2012 at Mkuju River following the completion of the feasibility study and the approval of environmental impact assessment of the area.

Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.

NW Tech Capital Inc. (PINK SHEETS:NWTT) has executed an option agreement that grants the company 100% interest in a prolific platinum, copper and nickel-bearing property located in McConkey Township, Ontario. After successfully completing the negotiation process, management decided to enter into an agreement that gives the company unrestricted rights to explore resources and reserves on what is known as the Caribou Property.

With Lanco looking to build on its recent Griffin Coal purchase, a new turf war is set to emerge between Indian suitors […]

Top US investmernt bank Goldman Sachs sees gold at $1,480 in 3 months and hit $1,690 in 12 months ahead of a rise in U.S. interest rates it expects to see at around that time.

Canada's Greystar Resources Ltd (GSL.TO) said on Friday it was not abandoning its Angostura gold project in Colombia and would present plans to change the mine to underground from open pit.

Husky Energy (TSX:HSE)  has successfully raised $300 million through a public offering of 10 million preferred shares. Shareholders will receive an annual […]

New York Times reports: The Talbot Group, the mining investment firm that experienced the loss of a director, Ken Talbot, who died […]

Crowflight Minerals has made an out of court settlement for $7.1 million, thus paving the way for a re-opening of Bucko Lake mine by early April, The Winnipeg Free Press reported today: Crowflight Minerals Inc. is expecting to announce plans to reopen production at the Bucko Lake nickel mine in Wabowden as early as next week.