Joy Global profit drops as sales continue to fall

Senator Lindsey Graham, a senior Republican senator representing South Carolina, urged the Obama administration to support the Keystone XL oilsands pipeline. Graham, who was speaking at a political event on Wednesday, said that if the U.S. rejects the pipeline, it would be ". . . one of the biggest energy policy blunders in our history." The senator said that the pipeline has the potential to create thousands of jobs, and rejecting the development would have serious consequences for Obama's chances at re-election.

Poor geological conditions in Sichuan region, which frequently suffers landslides and flooding due to the precipitous slopes and poor ground stability, are now facing worse conditions due to mining.

Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF)(PINK SHEETS:AUNFF) is pleased to report silver production for Q3 2011 of 244,243 ounces that is based on just 80 days of mill production at La Negra. Year-to-date ("YTD"), silver production has increased 26% to 742,026 ounces, compared to 587,057 ounces in 2010. As anticipated, Q3 2011 silver production was slightly lower than 2010's 250,953 ounces as a result of the La Negra ball mill being down nine mill days in order to upgrade a ball mill. Due to this maintenance, total mill feed of 119,772 tonnes was 4% lower than the 125,050 tonnes for Q3 of 2010.

Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) wishes to announce that it has increased its rare earth acreage in the vicinity of the Eldor Discovery in Quebec. 3,600 additional acres were acquired through Gestim, which now brings Canasia's total to 7,198 contiguous acres prospective for rare earth. On September 28, 2011, Canasia announced that the bulk sample program on the Clone Gold Prospect had been completed for the 2011 season.

The US coal industry scored a victory in court Thursday after a federal judge ruled that the Obama administration did not have authority to tighten oversight of permits used by coal mining companies that do "mountaintop mining." The ruling by the U.S. District Court says the Environmental Protection Agency (EPA) "exceeded its authority under the Clean Water Act when it issued tougher environmental guidelines related to fill material dumped into streams after the tops of mountains are blasted off to extract underlying coal seams," reported The Wall Street Journal. The National Mining Association sued the EPA last year over the issue.

Copper traders and analysts are the most bullish since August on speculation prices at a one-year low will spur China, the world's largest buyer, to build stockpiles.

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK) is pleased to announce that Xstrata Coal has agreed to acquire 100% of the Company's metallurgical coal deposit within Cline Mining's Lossan property ("Lossan") for CDN$40 million, subject to customary conditions. Closing is expected to occur on or about October 12, 2011. Lossan is located in the Peace River Coalfield of north eastern British Columbia, Canada and has an NI 43-101 compliant resource of 240 million tonnes. Lossan covers an area of approximately 3,800 hectares.

Cameco (TSX:CCO) (NYSE:CCJ) announced today that the Canadian Competition Bureau has issued a "no action letter" in connection with Cameco's offer to acquire all of the outstanding shares of Hathor Exploration Limited for cash consideration of $3.75 per share. The issuance of the no action letter, which provides that the Commissioner of the Competition Bureau does not intend to challenge the proposed acquisition, satisfies one of the conditions of the offer.

Shares of Ivanhoe Mines (TSE:IVN) and Rio Tinto (ASX:RIO) both gained today on news that Mongolia has backtracked on a demand for a greater share of the massive Oyu Tolgoi copper-gold complex. Rio was up 4.94% on the ASX while Vancouver-based Ivanhoe jumped 13.06% on the Toronto exchange. The two companies and the government of Mongolia issued a joint release yesterday saying that all parties have "reaffirmed their continued support" for the 2009 Oyu Tolgoi Investment Agreement.