Jaxon discovers new mineralization at Red Springs

Focus Metals Inc. ("Focus" or the "Corporation") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) and partner SOQUEM Inc. ("SOQUEM") are pleased to report the results of the fall 2011 core drilling program on the Kwyjibo Polymetallic Property (the "Property"), located in the Grenville Geological Province of northeastern Québec (see figure 1).

Luxury jewellery retailer and miner Harry Winston Diamond Corp. is one of several potential buyers of BHP Billiton's Ekati diamond mine in the Canadian north, according to media reports Wednesday.

The Canadian Natural Resources Minister defended the oilsands sector against attacks by the European Union today in Kuwait.

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government of that country.

Japanese JX Nippon Oil & Energy acquired a 25% of diversified miner Xstrata Coal operations in Western Canada for US$435 million, creating a joint venture that will build the business and market coal in Japan.

MarketWatch quotes  Nomura economist Zhiwei Zhang as saying:  "Overall, economic conditions are getting weaker at a fast pace. The slowdown is happening faster than the government expected."

Canada’s Gabriel Resources Ltd. (TSX:GBU) became the centre of attention this morning as an important figure of Romania's 1989 revolution, MEP Laszlo Tokes, left his party on Monday over Rosia Montana, a debated gold mine project in north-western Romania.

The Nunatsiavut Government of Labrador, a regional Inuit government formed in 2005, has officially lifted a three-year-old moratorium on uranium mining on Inuit lands, by enacting its Environmental Protection Act and an amendment to the Labrador Inuit Lands Act, said the body.

lberta's oilsands producers are used to thinking big, and their plans to clean up the mess their mines leave behind are fully in line with the outsized trucks that prowl their pits and the outsized budgets that keep them growing.