Companhia Vale do Rio Doce, the Brazilian mining company, joined the bidding for Inco, the Canadian nickel producer, on Friday with an offer of 19.9 billion Canadian dollars ($17.7 billion) in cash.
Seeking to trump two bids already made by suitors in the United States and Canada, the Brazilian company, known as CVRD, said the acquisition [...]

Market analysts believe the overseas demand for uranium yellowcake could rise to unprecedented levels in the next decade.
Patersons Securities stockbroker David Johnson predicts the growing shortage of fossil fuels and the pollution caused by coal could result in a boom in nuclear energy.
He says the huge Chinese market may become a key customer for Australian [...]

Jinduicheng Molybdenum Group, the country’s largest producer of material used to harden stainless steel and alloy, is planning to raise up to HK$8 billion (US$1.02 billion) in an IPO in November, a Hong Kong newspaper reported on Wednesday.
The South China Morning Post cited market sources as saying the Shaanxi province-based company will sell 30 percent [...]

China kicked off on Friday the construction of its largest coal dock in the Caofeidian Port, North China’s Hebei Province.
The throughput of the dock is expected to reach 200 million tons, making it an important base of China’s coal transmission strategy from north to south.
The first period of the construction project will be completed in [...]

Iran was still studying Russia’s proposal to establish a joint venture for uranium enrichment, Iran’s ambassador to Russia said on Wednesday.
The proposal, which Russia offered to Iran at the end of last year, “is being discussed now” and “has been confirmed by Iran’s leaders,” the Itar-Tass news agency quoted Iranian Ambassador Gholam Reza Ansari [...]

Canadian mining company Blue Note Metals Inc. (TSX.V:BNT) will invest $48 million over the next 12 months to revive two dormant zinc mines in northern New Brunswick.
Company officials, accompanied by Premier Bernard Lord and other provincial government officials, announced that they expect to have the Caribou and Restigouche mines back in operation by the spring [...]

Bolivia’s government postponed a $2.3 billion contract with Jindal Steel & Power Ltd., India’s third- biggest steelmaker, to develop the Mutun iron ore mine, Planning Minister Carlos Villegas said.
Bolivia shelved the contract, awarded June 2, to negotiate a greater share of profits from the project, which includes a steel plant and a sponge iron factory, [...]

Tanzanian politicians are pushing for the exploration of alternative sources of energy, including exploiting the country’s uranium reserves for electricity generation.
Uranium, one of the world’s most expensive minerals, is known to exist in Tanzania but has not been exploited despite the enactment of an Atomic Energy legislation in 2003.
Uranium has not been included in the [...]

McVicar Resources Inc. (”McVicar”) is pleased to announce that the Company has reached an agreement with the Sixth Geological Institute of Jilin province, China, to acquire three molybdenum (Mo) properties in the Yanbian district, Jilin province.
Details of the three properties are:
Shibadougou Mo-Au property: exploration license: 2200000510228, property area 12.53 square kilometres; coordinates: latitude: 43degrees07′00″ to [...]

Workers at the world’s biggest copper mine in Chile threatened to go on strike next week after the collapse of salary negotiations.
The work stoppage at Minera Escondida, which is controlled by Anglo-Australian mining giant BHP Billiton, will start Monday if management fails to make a new offer to the miners, said the union representing 2,000 [...]