Vedanta wins bid to buy bankrupt Electrosteel Steels

Jim Rogers poured cold water on Friday's stock rally after European leaders agreed to backstop more debt-stricken banks. The S&P 500 jumped 2.49% on Friday, and spot gold was up $30 to close at $1,599.10/oz.

Ivanhoe Mines was up 7.6% in afternoon trade on Friday after the company provided an update on its Oyu Tolgoi project in Mongolia and announced shareholders had approved a name change.

The opposition Democratic Party declared victory in yesterday’s parliamentary elections over Mongolia’s ruling party in a highly disputed election that focused on how to better share profits from a conflict-ridden mining industry.

Nautilus Minerals, locked in a dispute with Papua New Guinea over ownership of the world's first sea-floor mine, dropped 9.7% on Thursday, hurt by news of violence, kidnapping, vote rigging and delays after the first week of general elections in the country.

Shares of Centerra Gold fell 16% by midday after an announcement that one of its directors had quit.

China Gold International Resources is acquiring China Nonferrous Mining Corporation Limited for HK$155.1 million.

With the Samsung Galaxy III on the horizon and the iPhone 5 not far behind, the lithium battery market is forecast to quadruple to $43 billion.

Kyrgyzstan's parliament has approved a review to the operating license for Centerra Gold, which is developing a major gold mine that accounts for 12% of the Central Asian nation's economy, announced the company Wednesday.

Worldwide reserves of potash could surpass demand by between 59% to100% by 2020, says the latest report published by Rabobank.