Commodities, mining stocks sinking as China devalues its currency again

Minasco Australia has been appointed by Perth based miner, Bass Metals Ltd, for the realisation of their complete 1.5MTPA poly-metallic flotation plant facility at Hellyer mine site in NW Tasmania.

Nova Scotia's natural resources minister Cleve Higgins will have to decide soon whether an Australian mining conglomerate or a Christmas-tree family farm has the rights over eight-hectares of land in Moose River, near Middle Musquodoboit.

Canadian First Nickel Inc (TSX:FNI) shares were down almost 22% this morning (11:11 ET) to 70 Canadian cents, after the company was ordered to stop work at its key mine Lockerby by The Ontario's Ministry of Labour over safety issues.

Google's billionaire co-founders Larry Page and Eric Schmidt and filmmaker James Cameron will officially announce today plans to mine asteroids. The company's presentation will be broadcast live today at 1:30 p.m. ET.

SGS has been awarded the operational contract for the on-site laboratory at the Oyu Tolgoi mine in the Southern Gobi Region of Mongolia. This 3 year operational contract was awarded to SGS at the end of 2011.

Billionaire Australian Gina Rinehart, is taking Rio Tinto to court, demanding the world's third largest miner pay her 2.5% of the income streams from iron ore production at the Channar and Eastern Ranges mines on top of the royalties from three other Pilbara properties she is already receiving.

Diversified miner Anglo American Plc. (LON:AAL), announced today it has sold the South African Scaw Metals Group business for $430 million to a group of partners, on a move to refocus on its core mining business.

Despite growth in investment demand, Haywood Securities' Chris Thompson says silver remains "very much an industrial metal."

MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC) (OTCQX:MBCFF) is very pleased to announce the results of the Prefeasibility Study ("PFS") for the Company's 100% owned Santana Phosphate Project ("Santana" or the "Project") located in the southeast of Para State, Brazil.