Oil prices slid from near record highs and gold hit and then recoiled from a two-month peak on Monday as war raged between
Israel and Hizbollah, but prices could soar again if Israel widens its attacks, analysts said.
Israeli aircraft killed 17 people on Monday after Hizbollah rockets struck deeper than ever into Israel, but Israel’s Channel [...]

Nevsun Resources Ltd. (NSU-TSX and AMEX) is very pleased to report that the final stage of commissioning of the Tabakoto Mine processing plant is nearing completion. The commissioning of the milling operations commenced in February/March 2006 with soft low grade oxide ore being fed to the plant via an auxiliary crushing unit. This allowed the [...]

South African company Group 4 Securicor (G4S) is fast becoming the mining industry’s service provider of choice for integrated security solutions on the African continent, the firm reports. In South Africa, G4S is one of the country’s leading providers ofsecurity solutions to all categories of mines, with equally substantial operations on mines in Angola, Ghana, [...]

Gold eased to trade around $650 an ounce on Thursday after a failed attempt to breach six-week highs, with the metal trapped by bargain-hunters and profit-takers in the absence of clear market direction.
But prices remained higher from the previous close in the U.S. market as high oil prices, increased tension in the Middle East and [...]

SXR Uranium One Inc., which is developing South Africa’s largest uranium resource, offered $110 million to buy Rio Tinto Group’s Sweetwater Uranium Mill and Green Mountain deposit in Wyoming.
This “is a significant step toward one of the key strategic goals we set for ourselves as a company in 2005 — acquiring the capacity to mine [...]

Canadian stocks may fall, as oil and gas producers including Suncor Energy Inc. retreat alongside the price of crude oil.
Declines in the Standard & Poor’s/TSX Composite Index may be limited as financial companies such as Royal Bank of Canada may extend gains amid speculation the U.S. Federal Reserve may be close to ending its interest-rate [...]

Phelps Dodge Corp. is buying Canadian mining companies Inco Ltd. and Falconbridge Ltd. for about $40 billion in a bet that global demand will continue to be strong enough to support surging metals prices.
The deal could resolve what had been a four-way bidding war and would create a dominant copper and nickel producer in the [...]

U.K. mining stocks rose, led by BHP Billiton and Anglo American Plc as metal prices increased.
Shares of Cadbury-Schweppes Plc dropped after the U.K. Food Standards Agency said it will probe why the company took six months to report traces of salmonella in some of its chocolate.
The FTSE 100 Index added 7.10, or 0.1 percent, to [...]

International Uranium Corp. [TSX:IUC] has decided to reopen its Four Corners region mining operation after a seven year sabbatical. Located in the Western United States, three properties are expected to reopen: the Colorado Plateau, the Henry Mountains, and the Arizona Strip.
Four mines at the Colorado Plateau are slated to commence mining operations immediately with two [...]

Gold in Asia rose as some investors, undeterred by the metal’s 20 percent drop from a 26-year high last month, raised their holdings of bullion-backed securities in anticipation of rising prices.
Exchange Traded Gold, which manages gold-back securities, increased gold under management to 452 metric tons as of yesterday from 443 tons on June 1, Simon [...]