Rio’s controversial Warkworth coal mine extension close to final approval

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana.

Myanmar —until recently called Burma— is slowly but steadily starting to attract foreign investment, driven mainly by international resource firms eager to tap into the mineral-rich South East Asia's country.

Russian gold miner Highland Gold said Friday it is on track to meet its full-year output target of 200,000-215,000 troy ounces of gold and gold equivalents.

Russian gold reserves represents roughly 10% of the world's total supply. However, foreign companies are leery to move into a country that regulates gold reserves over 50 tonnes to be that of 'federal significance'.

The Mexican government halted operations at the coal mines in the northern state of Coahuila on Thursday due to safety issues that have already caused the death of 13 coal miners in the last three weeks.

The Canadian National Railway and the Caisse de depot pension fund manager are studying an infrastructure project for the Quebec-Labrador iron belt, which may be what Canada needs to become one the world’s major iron ore producers.

Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.

According to Louis James, the senior editor of the International Speculator and Casey Investment Alert, the manic highs and lows of the market are good for those who have mastered the discipline of buying low and waiting.

While timing exactly when the rebound will happen is impossible, Marshall Auerback, director of Pinetree Capital, believes now is the time to pay the gold market renewed attention.