Aussie court stops Palmer’s firm attempt to axe Citic Pacific mining rights

Yesterday's announcement by Australian PM Julia Gillard to consider lifting the ban on uranium sales to India is raising eyebrows at one of the country's largest iron ore producers. News.com.au reports Fortescue Metals (ASX:FMG) chief executive Neville Power questioning whether the proposed sales would benefit BHP's Olympic Dam uranium mine in South Australia: "You would wonder," Power said yesterday at Fortescue's Port Headlands wharf in Western Australia.

In an article published on BNWnews.ca focussing on potash industry developments in the wake of continuing high prices and record food demand, Western Potash, with arguably the world’s most advanced ‘independent’ potash project, is highlighted as a company getting a lot of attention from potential state-funded buyers.

The Alberta oilsands and Bakken oil fields in North Dakota put on a good show 278 km above earth. Ken Paulman, writing for Midwest Energy News, conducted some cartographic detective work on a video that went viral, a time-lapse video of the earth's surface shot from the International Space Station.

Klondex Mines Ltd. (TSX: KDX) ("Klondex Mines" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters lead by GMP Securities L.P. and including Mackie Research Capital Corporation, Jones, Gable & Company Ltd. and Fraser Mackenzie Limited (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase 8,400,000 units (the "Units") of the Company, at a price of C$2.50 per Unit (the "Offering Price") for aggregate gross proceeds to Klondex Mines of C$21,000,000.00 (the "Offering").

Uranium Resources, a Texas-based in-situ uranium miner, says that cost increased in 3Q due to challenging drilling conditions and higher equipment costs. "This resulted in fewer than desired drilled holes and about two additional months of exploration time,” said Don Ewigleben, President and CEO of Uranium Resources in a statement. Operating expenses were $133,753 for 3Q compared with $67,260 in 2010. The overall loss from operations was $2,827,097, down from $3,730,998 a year ago when the company had a $1.37 million provision for a legal settlement.

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to report that exploration drilling from the surface at Promontorio mine (Figure 1: http://diabras.com/files/media/a20ec_figure1.pdf) combined with underground channel and bulk samples from drifting in the Promontorio mine continue to identify wide zones of disseminated silver mineralization, confirming the discovery of a new zone with large tonnage potential.

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."

TransCanada Corp. (TSE:TRP), the company behind the $7 billion Keystone XL pipeline project, has reached a deal with the state of Nebraska to reroute the proposed pipeline around an environmentally sensitive aquifer. The decision was announced late Monday at a news conference from the Nebraska state legislature. A bill was earlier introduced that would divert the pipeline away from the ecologically sensitive Sandhills area. Under the deal reached today, and to be voted on Tuesday, the state will pay for studies to find a new route to avoid the Ogallala aquifer which provides water for millions of people in the area.

The Australian uranium mining industry has a sympathetic ear in Prime Minister Julia Gillard. Gillard announced she will push for the ALP to dump its ban on uranium sales to India, at its national conference next month, Adelaide Now reports: Ms Gillard will ask the ALP's national conference to overturn long-standing party policy that allows uranium to be sold only to nations who have signed up to the nuclear non-proliferation treaty.