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

After launching its eBay bullion center in May, the online retailer published a handy infographic this summer to look at buying trends. Looking at absolute number of items sold, California leads the way, probably due to the size of the state, but on a per capita basis, Alaska comes first. The study also found that silver items were the most popular, followed by gold. Platinum was a distant third.

In play Walter Energy (NYSE: WLT) jumped higher by more than 7% in pre-market trading to over $80/share after the UK's Independent newspaper reported that Anglo American (LON:AAL) and BHP Billiton (NYSE: BHP) may bid for the company. By mid-afternoon the volatile stock – over the past 12 months shares in Walter Energy have traded as low as $56 and as high as $143 – had settled back to trade up around 2%. Global miners are scrambling for coal assets as metallurgical coal trades at record levels above $330/tonne. Walter Energy, which also produces coal seam gas, would follow BHP's August $12 billion buy of US shale gas company Petrohawk.

In the world of mining, so called open mining is the most visible form of delving natural resources. Typically, open mining means that large excavations are made in order to expose the desired resources, e.g. coal. After the deposits have been exposed, they are quarried and transported into plants for further processing. The mines cover surfaces of multiple square miles and can be as deep as200 meters, creating a surreal landscape in and around the mine sites.

Chad Venzke, who was profiled by Bloomberg, has posted some how-to videos on how to bury gold in your backyard. "If you don't own it physically, in your hand and easily accessible, it's a high percentage chance that you don't own it," says Venzke in his YouTube video. The recent market turbulence and the general fear regarding the economic outlook is causing some people to cling to gold more tightly. Venzke's video has had over 8,000 views.

Canadian-based exploration and development company Colossus Minerals was trading lower in a lacklustre Toronto market on Friday after announcing it had raised $75 million in a bought deal. Colossus is active the mineral-rich Carajas region of Para State, Brazil where it is advancing the Serra Pelada project into production. Billed as one of the highest grade gold and platinum group metals deposits in the world, the area was host to the largest precious metals rush in Latin American history from 1980 to 1986.

Inptrepid Potash (NYSE:IPI) said its prices were higher but its produdction was lower during its third quarter. The company was also forced to find new customers due to a severe drought in Texas. Announcing results on Thursday, the company believes that it produced between 165,000 and 175,000 tons of potash and sold between 185,000 and 195,000 tons of potash. Production, which was in-line with expectations, was hampered due to a scheduled shut-down for annual maintenance work at the East mine and plant near Carlsbad, New Mexico. Also, the Moab, Utah mine completed its summer evaporation season and commenced harvest in mid-September.

Ironback Zinc (ASX:IBG) announced on Thursday that Glencore International (LON:GLEN) will help the company with a US$50 million funding facility to advance […]

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) announces that consolidated payable production for the three months ended September 30 increased 9% compared to Q2 2011 and 30% compared to Q1 2011 and totaled 60 million pounds of copper, 26 thousand ounces of total precious metals ("TPMs") and 3 million pounds of nickel. Paul Blythe, President & CEO comments; "This is our strongest quarter since 2009, driven by Robinson and continuing strong performance from our Sudbury operations. We are seeing continuing and significant improvements in production at Robinson. The various measures that we have taken are delivering increased flexibility and productivity.

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) and Xstrata Nickel have signed a term sheet to utilize the Craig mine shaft and related underground infrastructure to further develop and operate the Levack mine, including the Morrison deposit. All amounts are in US dollars. Quadra FNX expects that the use of Xstrata Nickel's Craig infrastructure will significantly improve the operational flexibility of the Morrison deposit and provide additional mining and drill access in the lower portions of this high grade ore body. The additional development and improved efficiency is expected to have a positive impact on production.