Frik Els , Editor

WPG Resources announced on Tuesday it has reached a major milestone for the development of its flagship Peculiar Knob (pictured) iron ore mine south east of Coober Pedy in South Australia, after receiving government approval. WPG also said that the company expects that the Mining and Rehabilitation Program for Peculiar Knob will be approved during July. Forecast production at 3.3 million tonnes annually destined for the Asian market is set to commence in late 2011, with sales in the June quarter 2012. Shares in the company jumped 3% amid a flat broader Australian market.

Perth-based iron ore junior FerrAus is set to accept Hong Kong limousine and investment company Wah Nam International's $170m takeover offer after the HK company gained a controlling stake in another miner in the region Brockman Resources. ASX-listed FerrAus said last month it will consider reversing its rejection of Wah Nam's bid because of the logic of developing FerrAus and Brockman neighbouring deposits together. Ferraus stock added over 5% on Tuesday, while Brockman had lost more than 12% at the close of the Australian bourse.

Shell, as operator of the Athabasca Oil Sands Project announced on Monday that in just six years the project has spent over $1 billion working with over 70 Aboriginal contractors. Shell Canada Energy is 60% owner and operator of the Athabasca Oil Sands Project along with Chevron Canada (20%) and Marathon Oil Corporation (20%). The AOSP includes the Muskeg River Mine, Jackpine Mine and Scotford Upgrader.

Rhodium will climb as much as 35% to $2,800 an ounce by the end of the year on increased carmaker demand and production difficulties for mining companies in South Africa where the metal is produced as a byproduct of platinum mining, according to a report by Standard Bank released on Monday. Mainly used in emissions reducing converters and in the chemical and glass industries rhodium is down 14% this year after three annual surpluses but jumped 21% in the week after Deutsche Bank introduced a physically backed exchange-traded product at the end of May. The price of rhodium hit an all-time record high above $10,000 in 2008.

The Financial Post reports according to a new outlook from the Construction Owners Association of Alberta, the expected future labour need for 2011 is up significantly from this time last year. At the same time, the Construction Sector Council recently published a forecast that suggests that future trades industry labour supply will be limited. An 2011 report by Peters & Co., an oil sands investment house, predicted investment in Alberta's oil sands was set to reach a staggering $180bn over the next decade – 20% more than was spent during the height of the last boom.

Stock in Allana Potash Corp jumped by more than 10% to $2.14 with almost 3m shares changing hands – more than double the daily average – by noon on Monday after the company announced it has intersected three zones of potash mineralization - one of which returned the highest grade potash on the project to date – in the southwest portion of the company's land position. Listed on the TSX-Venture exchange Allana's major focus is on a previously explored potash property in Ethiopia with among others the backing of the World Bank. The counter is up close to 200% so far this year and most of the assets at the company's 160 square km Dallol project are still being quantified.

South African mining output rebounded strongly in April, rising by 12.4% year-on-year, after contracting 1.4% in the previous month, a report by Statistics South Africa showed on Thursday. Year-to-date production increased by 5.2%, on the back of surging output of nickel, manganese, platinum group metals and copper but gold production continued to lag, only managing a 1.5% increase. Analysts warned that the outlook for the rest of year was clouded by scheduled wage negotiations across the industry that could lead to strikes and a strong currency which hampers competitiveness.

South Africa's National Union of Mineworkers' central committee on Wednesday backed the country's Freedom Charter clause on nationalization and the ruling ANC party's resolution of 2010 to look at a greater role for the state in the economy. NUM is the largest union and represents the majority of workers in South Africa's mining industry. Through its affiliation with the Congress of South African Trade Unions it is also part of the country's ruling alliance, which next year will make a formal decision on the nationalization of the resource sector, long the bedrock of the African nation's economy.

Canadian oilsands firm Sunshine Oilsands Ltd aims to raise $1bn in an initial public offering in Hong Kong, Ming Pao daily reported on Tuesday, citing market sources. The company, which owns 1.14 million acres of oil sands reserves in Athabasca in Canada, earlier this year received funding from Chinese investors to the tune of $236m. Toronto-listed oil producer Husky Energy, controlled by Hong Kong billionaire Li Ka-shing, said last month that it was exploring a potential secondary listing of its shares on the Hong Kong bourse.

Oil sands mining are not typically associated with Africa and the continent's two mega-projects, one in the Congo Basin and another on the island of Madagascar, are running into trouble. The $3bn deal between the Republic of Congo and Eni, Italy's state-owned oil major, runs out this year amid criticism about its lack of transparency and environmental impact. In Madagascar, the partner of France's Total, Madagascar Oil declared a force majeur after the Malagasy government apparently threatened to seize one of the London-listed company's oil fields.