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Osisko announces an increase in Caterpillar Lease Financing Facility

MONTREAL, QUEBEC--(Marketwire - Aug. 31, 2011) - Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into an agreement with Caterpillar Financial ("Cat Financial") to increase its equipment leasing facility by US $56.3 million. The facility will be used to acquire additional mobile mining equipment fleet to develop the Canadian Malartic Mine and the Barnat gold deposit.

BCGold Corp. closes first tranche of private placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) (the "Company") is pleased to announce that it has closed the first tranche of its private placement previously announced on July 11, 2011. The Company has raised $1,472,440 through the issuance of 2,660,000 of non-flow through units (the "NFT Units") at a price of $0.10 per NFT Unit and 10,053,663 flow through units (the "FT Units") at a price of $0.12 per FT Unit.

Mining giant backs new Australian International Arbitration Rules

SYDNEY, Aug. 31, 2011 /PRNewswire/ -- Vice President of Litigation BHP Billiton, Mr Damian Lovellhas today welcomed the introduction of the new ACICA Arbitration Rules designed to speed up the resolution of cross border and international commercial disputes. Mr Lovell, who is responsible for the dispute resolution strategy for the world's largest diversified mining company, said it is standard practice for BHP Billiton to include arbitration clauses in its cross border contracts:

Spanish Mountain announces commencement of pre-feasibility study

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Spanish Mountain Gold Ltd. (the "Company") (TSX VENTURE:SPA) is pleased to announce the commencement of a Pre-Feasibility Study ("PFS") for the Spanish Mountain Gold Project (the "Project"). The PFS will refine the estimates of capital and operating costs that were the basis for the Preliminary Economic Assessment (PEA) completed by the Company in December 2010. The Company currently has ongoing resource definition, geotechnical, metallurgical and power supply studies underway, the results of which will form part of the PFS.

Gem International options 100% of gold project in Mvomero & Kilindi Districts of Tanzania

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Gem International Resources Inc. (TSX VENTURE:GI) has entered into an option agreement with Mr. Anderson Fred Temu, Mr. Pascal D. Nestory and Mr. Benard Beatus (the "Optionor"), to acquire a 100-per-cent interest in the Mvomero Gold Project, located in the Mvomero and Kilindi districts of Tanzania. The project encompasses Prospecting Licenses PL7138/2011 and PL7147/2011, containing a total area of 234.75 square kilometers and is located 35 kilometers west-southwest of Canaco Resources Inc.'s Magambazi Hill Project.

Nevsun drills 30m of 8.55% copper adjacent to Bisha Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to report the assays from the forty-three diamond drill holes at the hanging wall copper zone within its Bisha mining license in Eritrea. The hanging wall copper zone is immediately west of the Bisha Main deposit and partially within the current open pit limit but it is not included in the current resource or reserve estimate for Bisha.

Rolling stoppages at BHP mines all week (AAP)

Strike action involving 4000 BHP employees has nothing to do with money, a union boss says. Workers employed at seven BHP mines in Queensland will walk off the job this week after enterprise bargaining negotiations stalled.

Iron ore emerging as Asia’s industrial demand gauge

Iron ore could soon become a leading economic indicator in emerging markets such as China, since the absence of speculative froth makes the sandy steelmaking raw material a better gauge of demand than industrial metals like copper.

Beijing’s coal use to be capped

The capital city will cap its annual coal consumption at 20 million tons by 2015, as part of its plan to release less carbon and further reduce air pollution, the municipal commission of development and reform said on Monday.