Seafloor copper extraction better than traditional mining — report

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

Chile’s state-owned mining company Codelco, the world’s largest copper producer, reports normal operations following an early morning earthquake northeast of the port city of Valparaiso and which registered 6.7 on the Richter scale.

BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner at least $10 billion.

Luxury jeweler and watchmaker Harry Winston Diamond Corp said today that production at its Diavik mine in Canada's Northwest Territories was up about 19% in the first quarter on improved grades.

Canadian Prime Minister Stephen Harper and Chilean President Sebastian Piñera signed yesterday an agreement to upgrade the free trade deal between their two nations, which will benefit several miners with presence or planning to explore in the South American country.

Peregrine Diamonds Ltd. has discovered two kimberlites in the Lac de Gras region of Canada's Northwest Territories.

Canadian rare earths explorer Pele Mountain Resources closed up 18% on Monday after the Toronto company announced an updated PEA on its Eco Ridge project.

Zimbabwe, whose government in January hiked exploration fees by up to 8,000% in a bid to curb speculative holding of mining titles, is ordering over 100 exploration companies to resubmit applications.

A protest against Newmont Mining's proposed Conga copper-gold mine shut down much of Peru's Cajamarca region last Wednesday, reported World War 4 Report.