Peru set to become world’s second largest copper producer in 2016

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 12, 2011) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN) (ASX:PDN)wishes to note that the Company's Board of Directors advise that financial close has been reached under the Langer Heinrich Project Finance Facility ("Facility"), and Paladin has submitted a drawdown notice for US$127.2M.

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Auryx Gold Corp. ("Auryx" or the "Company") (TSX:AYX)(NSX:AYX) is pleased to announce the discovery of two distinct zones of massive iron-oxides ("Fe-oxides") overlying and peripheral to the Otjikoto gold deposit. Both zones occur at and near surface and have been named the Main Magnetite Zone ("MMZ") and the Magnetite 1 Zone ("M1Z"). Geophysical work suggests the Fe-oxide mineralization has a potential strike length of 6km. Please follow the link to view a plan view of the magnetic anomaly:http://auryxgold.com/projects/otjikoto_drill_program/mag_anomalies/

VANCOUVER, Sept. 12, 2011 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE Amex: TGB) ("Taseko" or the "Company") announces an inferred resource of 159 million tonnes grading 0.43% Nb2O5 at the Company's wholly-owned Aley Niobium Project, approximately 130 km north of Mackenzie, B.C. The resource estimate is based on drill data gathered from Taseko's 2010 drilling program, along with historical drill data. The data formed the basis for the development of a geological model incorporating mine engineering studies.

Resource Capital Research, which posted its September Quarter RCR Uranium Sector Review, says that buying opportunities will emerge in the uranium sector in the fourth quarter of 2011 and early 2012. "Despite the ongoing short term market impacts from Fukushima, the long term uranium market fundamentals are considered sound with expected strong and increasing demand for new nuclear power reactors, especially from China, USA, Russia, Ukraine and India," writes the reports authors. Resource Capital Research notes that 84 new nuclear power reactors are expected to be commissioned globally by 2017, and currently almost 500 plants are being considered.

Bloomberg interviewed Richard O'Brien, CEO of Newmont, on Friday who said gold could reach $2,000 in the next six months. O'Brien also said more certainty is needed around taxes and regulations before companies start hiring again. O'Brien said that the financial uncertainty in Europe and U.S.A. will probably drive gold to $2,000. O'Brien was asked about President Obama's $447 billion job plan announced on Thursday and what CEOs need to see before they start hiring again.

Bard Ventures (CVE:CBS) was up 7.69% on Friday, bucking a down day in the markets when the S&P/TSX Composite index was down 2.34%, after the company announced drill results of 70.49 gm/t silver over 214.7m at Lone Pine Property. Bard Ventures said that the positive results received from drill hole BD-11-69 demonstrate the continuity of high grade molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a horizontal distance of 131 meters from drill hole BDQ-08-03 through BD-11-69 to BDQ-08-04.

Lumina Copper (CVE:LCC) announced on Thursday intersects of 646 meters grading of .93% copper equivalent at the Taca Taca copper-gold-molybedenum project in Argentina. Lumina also reported drilling results of 2.69% copper equivalent in 50 meters of grading. Lumina was up 23 cents to 7.08 on Thursday. At the end of the week, was back down $6.71.

Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35 percent and toughens procedures for acquiring development permits, the government said on Saturday.

The United States boasts over 260 billion short tons of recoverable coal reserves, or roughly 28% of the planet’s total coal reserves, according to the U.S. Energy Information Administration. Based on these estimates, the EIA concludes that the U.S. will not exhaust its recoverable coal reserves at current mining levels for 222 years.