Shri Beni Prasad Verma, Union Minister for Steel, said that India will become the world's second largest producer of steel by 2013.

ECU Silver Mining Inc. announced on Thursday that it has closed the previously announced issuance of CAD$15 million principal amount, 0.0% senior unsecured convertible notes at par.

Chile's mining sector faces a series of challenges over the coming months as growing fears of a slowdown in Chinese economic growth, dictated by the country's increasingly restrictive monetary policy, threatens to restrict demand for copper and other raw materials.