The Porto Sudeste tunnel project in Brazil features a 20.5 m wide tunnel and will accommodate four conveyor lines to become one of the widest tunnels of its type globally.

The market for iron ore is likely to soften this year but industry leaders Rio Tinto and BHP Billiton are not pulling in production, betting that the slowdown in steelmaking is temporary.

Mercator Minerals (TSE:ML) rose 5.5% today after announcing record production from its Mineral Park Mine in Arizona.

Iamgold (TSE:IMG) stock was down Monday despite announcing strong fourth-quarter production results.

Canada’s Quadra FNX Mining Ltd. (QUX-T15.30----%), which has signed a deal to be bought by a Polish government-backed miner, said Monday its production was down slightly in the fourth quarter, as compared to the previous three months.

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 16, 2012) - Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) is pleased to announce results of reconnaissance sampling on the Company's extensive alluvial rare earths (REE) and tin multi-metal property holdings in the Ray Mountains area of central Alaska

TORONTO, Jan. 16, 2012 /CNW/ - Uranium One Inc. today announced record production of 10.7 million pounds and record sales of 9.9 million pounds for the full year 2011.

Gold rose back above $1,640 an ounce in Europe on Monday as it took advantage of a rising euro and a recovery in stock markets which took some downward pressure off prices.

The company said Monday it had been approached by the sale's advisor about participating in the $1.3 billion bid for French engineering company GTT but stated that talks were at a very early stage.