These miners are seeking over $1.3 billion in acquisitions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Cardero Coal Ltd. ("Cardero Coal") is encouraged by the Government of British Columbia's announcement on Thursday regarding the BC Jobs Plan, as well as the stated commitment to reduce the time it takes to get decisions on mineral exploration and mining approvals and permits. "BC has a rich history of mining and Premier Clarke's recognition of the sector and the role it plays in the provincial economy indicates her understanding of what needs to be done to ensure our province benefits fully from the valuable resources we have in the ground," says Michael Hunter, Cardero Coal's President.

CTV reports a US federal appeals court threw out an antitrust class-action lawsuit accusing seven companies of engaging in a global conspiracy to raise the price of potash since 2003 on the grounds that it could not rule on the alleged wrongful conduct on markets in India, China and Brazil. The defendants included Agrium, Potash Corp. of Saskatchewan, Mosaic Co., and four companies that conduct mining operations in Russia and Belarus: Uralkali, Silvinit, Belarusian Potash and International Potash. Together the groups produce some 70% of the world's potash.

Speaking to the media on Wednesday, Caterpillar (NYSE:CAT) Group President and Chief Financial Officer Ed Rapp wants a lower corporate tax rate […]

After a three-week hunt Canada's Silvercorp Metals on Friday found the alleged short-sellers behind an effort to drive down the company’s stock price. The company is suing two New York-based websites – Chinastockwatch.com and Alfredlittle.com – for spreading false information. While Silvercorp was trading down 1.4% in early afternoon trade losses among silver heavyweights were much deeper with bellwether Silver Wheaton skidding 11% as the precious metal plummeted 17.7% to barely above $30/oz. Silvercorp is up 0.6% over the last two trading days against the S&P TSX index which has bled 7%. It was the worst trading day for silver in decades.

As commodities prices including precious metals were plummetting Thursday on more bad economic news, the Premier of British Columbia provided a glimmer of hope for the BC mining industry. In unveiling the province's job-creation strategy, Clark said the government plans to capitalize on high demand for minerals, especially in Asia, by opening up eight new mines in the next four years and expanding nine more by 2015.

Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL) said that three of its staff and four visitors were injured in the crash of Arctic Sunwest's Twin Otter floatplane in Yellowknife on Thursday. All seven passengers were injured during the crash, but the company said none of the injuries are life-threatening. No other information was provided.

December gold suffered another day of steep losses, dropping $82 an ounce, or 4.7%, to $1,659.50 in New York in noon trade on Friday, as investors were forced to raise cash to cover losses suffered on global stock markets this week. Copper extended its sharp declines on the London Metal Exchange falling as much as 7.3% to $7,115.75 a metric ton. Prices declined for a sixth day in a row losing 14% this week and have now slumped 26% from the record high of $10,190 set in February. Silver was hardest hit on Friday, plummeting 11.2% to $32.48. One metals analyst summed up the day this way: “We’re in a downward spiral, and no one knows when it’s going to end."

The unconventional liquid fuel industry, like oil sands and shale oil, is projected to grow 4.6 per year through to 2035, according to the U.S. Energy Information Administration. The government agency released its International Energy Outlook 2011 last week. The report states that geopolitics and regulation will help the unconventional liquid fuel sector sustain growth for the next 20 years and beyond.

Namakwa Diamonds sold its mining and exploration operations for US$6.25 million to Hall Farm Avenue Limited, the corporate vehicle of a management team lead by the Company’s DRC Country Manager, James Tregenza. Payment will be settled over a 5-year period, with a minimum payment of US$1.25m required in each year during this period.