Fort Hills a ‘sweet spot’ for Teck

Kenyan government will in October issue London listed Goldplat a lease to exploit the large gold deposits at Kilimapesa gold site in Narok County. An official at Kenya's ministry of mines said that Goldplat will be given a mining lease after completion

China will need large quantities of Australian raw materials as its industrialisation and urbanisation race ahead, despite concerns about weak global economic conditions, Australian Trade Minister Craig Emerson said on Friday. Emerson also hinted that a fall in the Australian dollar amid the volatility that has jolted global financial markets for the past week was good, saying its strong currency had hurt manufacturing and exporters.

The lead singer of the band Radiohead is also joining the campaign against Keystone XL. Thom Yorke posted on the band's website, calling the pipeline "one of the big red climate self destruct buttons." Picture of Thom Yorke at the Latitude Festival, Suffolk, 2009

EDMONTON - Women crowd around a kitchen table, each hoping their handful of old jewelry will fetch them a few $20 bills.When it’s Shirley Mueller’s turn, she pulls out a pair of earrings, a few rings and a watch.“Don’t laugh at these earrings;

Finning International Inc. (TSX:FTT) reported record quarterly basic earnings per share (EPS) of $0.48, up 129% over Q2 2010. Finning achieved Q2 2011 revenues of $1.5 billion, a 39% increase from Q2 2010. Earnings before interest and income taxes (EBIT) of $120 million were up by 91% from Q2 2010 and EBIT margin of 8.1% was significantly higher than 5.9% in Q2 2010. Improved EBIT margin performance reflected higher profitability in Canada and the UK & Ireland, as well as a solid performance in South America.

First Uranium announced that on August 11, 2011 a fatality occurred at the Ezulwini mine. An internal investigation is underway to determine the cause of the incident. A day of mourning started on Thursday evening night shift in sympathy of the deceased. The Department of Mineral Resource's review and investigation is also in progress.

Forbes & Manhattan Coal Corp.announced its first quarter financial results for the three months ended May 31, 2011. First quarter financial highlights were the following: revenue of $19.6 million; gross profit of $4.2 million; and consolidated EBITDA of $5.6 million and Slater Stand Alone EBITDA of $6.2 million (see non- GAAP measures); and cash and cash equivalents of $19.8 million. The average monthly revenue for the first quarter 2012 was $6.5 million. In fiscal 2011, from the date of acquisition to February 28, 2011 (a seven month period), average monthly revenue was $3.9 million. This represents a 65% increase in average monthly revenue.

Iron ore stockpiles at China's 30 major ports fell 0.64 percent week-on-week to 94.74 million tons on Aug. 12, including 13.06 million tons of Indian iron ore stockpiles which fell 6.51 percent, according to Aug. 12 figures from Shanghai-based Mysteel Information. The price of Indian iron ore grading 63.5 percent mostly stands between $186 to $187 per ton, down at least $1 from last week.

For around $2 a day some Afghan children as young as 10 work long hours in the country's coal mines with no safety gear and, until now, no government mining policy to protect them. While national law allows Afghan children to work up to 35 hours a week from the age of 14, they are not allowed to do hazardous jobs such as mining.