Swiss UBS faces fine over alleged precious metals trading wrongdoing

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2011) - Detour Gold Corporation (TSX:DGC) ("Detour Gold") is pleased to announce the approval of the Comprehensive Study Report ("CSR") regarding the environmental assessment for the Detour Lake project by the Federal Minister of Environment.

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it has received approval from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for its planned purchase of International Mining Machinery Holdings Limited (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China. These shares represent approximately 41.1% of the outstanding common stock of IMM.

Conventional copper mining involves removing ore from the ground, then crushing and treating it to remove the minerals trapped in the rock.

Anglo American said Thursday it had filed a writ with Santiago's Court of Appeals, suing the Chilean firm for breach of contract in a dispute over its south Chilean assets.

US-based silver miner Hecla Mining (NYSE:HL) says 2011 production remains within the company's estimates, and it expects to produce nine million ounces of silver despite a spate of mining accidents.

HudBay Mineral's (TSE:HBM) Reed copper project in Manitoba got the go ahead from the company's board of directors on Monday.

Virginia voters are split like an atom on the issue of uranium mining as 43 percent say mining should be allowed because of economic benefits while 41 percent are opposed because of environmental concerns, according to Quinnipiac University poll release today.

The mining sector, which accounts for 5% of the $1.4 trillion economy, is beset with hurdles, with declining mining activity impacting state finances.

An underground coal mine proposed for near Margaret River in Western Australia has been rejected by the state's environment minister.