Khan Resources Inc. announced that it will make an offer to acquire all of the outstanding common shares of Western Prospector Group Ltd. (CDNX:WNP.V - News) in order to consolidate its position in the Saddle Hills district of Mongolia and achieve significant synergies from the joint development of Khan Resources’ Dornod uranium deposit and [...]

The Australian reported that BHP Billiton is in talks to take up a 25% stake in a A$615million (US$733million) bauxite mine and alumina refinery in India`s eastern Orissa province. The deal would be BHP Billiton`s first project in India.
It also reported that Zinifex Ltd and its Belgian partner Umicore Group are believed to have appointed [...]

It’s the busiest time of year for the natural gas drilling business, and while the sector is active, weak commodity prices have cast an uncertain outlook over the year ahead.
The season got off to a slow start because warm weather in northern Alberta and British Columbia earlier this winter slowed the ground from freezing, which [...]

Rio Tinto PLC scrapped a deal with sxr Uranium One Inc., deciding instead to keep its U.S. uranium assets and signalling a significant shift in attitude toward the radioactive metal by one of the world’s largest mining companies.
London-based Rio Tinto entered into exclusive negotiations in July to sell its Sweetwater uranium mill and Green Mountain [...]

Cameco Corp. says it is laying the groundwork for an expected boom in uranium demand from China, as the Chinese and Canadian governments pursue talks that would facilitate Canadian exports to the nuclear weapons state.
But Canada is lagging Australia, its main competitor in the uranium exporting business, which signed a deal earlier this year with [...]

Like other mining companies, Vancouver-based Quadra Mining Ltd. has seen the value of its shares climb along with metal prices, with its stock gaining 87 per cent since the beginning of 2006.
So the company might have been expected to use its stock to go shopping in a market awash in cash-and-share negotiations.
Instead, Quadra this week [...]

Senior government officials were warned more than two years ago that Canadian mining companies with overseas operations could “seriously embarrass Canada” if they didn’t take steps to reduce the risk of a major environmental accident.
The warning, contained in a June, 2004, briefing note to the top bureaucrat at the Department of Natural Resources, also includes [...]

AMID talk of additional consolidation scenarios in the global mining industry, Xstrata has faced another setback in its bid to become a true rival to its bigger competitors BHP Billiton, Rio Tinto and Anglo American.
The Ontario securities regulator ruled on Friday that Xstrata’s $US16.1 billion bid for the 80 per cent of Canadian nickel producer [...]