Trench cutter sets record depth at Rio Tinto diamond JV

Four months after having its Keystone XL pipeline project rejected by the Obama Administration, TransCanada Corp. is taking another crack at the $7.6-billion project.

Trading has been suspended for Focus Metals (CVE:FMS) pending a material announcement.

Matt Manson, Stornoway's President and CEO, stated: "This financing announcement is another important milestone in the development of Quebec's first diamond mine. This loan will provide Stornoway with good funding flexibility as we begin the ramp-up to the capital programs anticipated at Renard in 2013 and 2014.

Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract from Teck (NYSE: TCK) to provide engineering, procurement and construction management (EPCM) services for the Highland Valley Copper Mill Optimization project in British Columbia, Canada.

The Canadian penny will get a ministerial send off when the Federal Finance Minister Jim Flaherty will be on hand to watch the last minting.

Pretium Resources, a gold junior developing the Brucejack and Snowfield properties in British Columbia, today raised $70 million through a share offering.

Zimbabwe's mine output increased in the first quarter, leading to surging revenues for government coffers, NewsDay is reporting.

Toronto-based First Nickel (TSX:FNI) had a good quarter, raising its production at the Lockerby mine 87% from Q4 2011.

PotashCorp chief executive Bill Doyle threw down a challenge to rival BHP Billiton today, saying in an interview with The Financial Post that he doesn't believe the world's biggest miner is able to establish a potash beachhead in Canada with its Jansen mine.