A $270,000 contribution from Newcrest Mining Limited is funding a new Heating, Ventilation and Air Conditioning (HVAC) lab at the University of Queensland, the UQ News site reports. The new lab will enhance UQ's ability to develop skills in fluid mechanics, thermodynamics and heat transfer.

UQ's Acting Vice-Chancellor, Professor Michael Keniger said the Newcrest HVAC Laboratory will ensure UQ's engineering graduates have advanced skills in areas critical to the future of the resources sector. “The project would not have been possible without the generosity of Newcrest, but perhaps most important of all is our joint investment in the people who will drive the Australian mining industry forwards in the next decade and beyond,” Professor Keniger said.

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has priced its previously announced offering of senior unsecured notes. Teck will issue US$2.0 billion in aggregate principal amount of notes, consisting of US$300 million aggregate principal amount of 3.15% notes due 2017, US$700 million aggregate principal amount of 4.75% notes due 2022 and US$1.0 billion aggregate principal amount of 6.25% notes due 2041.

Chinese energy companies are looking to grab a stake in western Canada’s abundant oil sands to support China’s growing and developing appetite for oil. Despite an increasing awareness of environmental issues and movement towards cleaner forms of energy, reality still dictates that the majority of the world runs on oil.

Her love for jewelry was so celebrated, Christie's decided to hold a gala Evening Sale of Elizabeth Taylor's most magnificent jewels. The auction house plans a series of public exhibitions and special events leading up to the sale of Taylor's collection. Studio publicity portrait of Elizabeth Taylor is from Wikipedia.

BHP Billiton said on Wednesday that production at its Kwinana nickel refinery in Western Australia had restarted as planned in early June. "In line with our previous guidance, production at Kwinana resumed in early June," a spokesman told Reuters.

Precious metals consultants CPM said total global platinum supply rose during 2010, as platinum mine supply increased for the first time in three years.

POSCO, the world's third-biggest steelmaker, is not in talks with Sundance Resources over the latter's $4.6 billion iron ore project in West Africa, a POSCO source said. "We previously met Sundance Resources (on the project) but are not currently in talks with the company on it," the source told Reuters, declining to be named as he was not authorised to talk to the media.

China's insatiable demand for commodities has prompted a tripling in the price of mining truck tyres, making them more expensive than a Mercedes sportscar. Prices for tyres about 3.5 meters wide used on the Caterpillar trucks that haul iron ore and coal have touched $93,500 on the spot market, according to Leighton Holdings, a contractor for mining companies including BHP Billiton. Prices rose as high as $140,000 in 2008.

Candente Copper Corp. (TSE:DNT) updates on the status of the entirely owned Cañariaco Norte Copper Project in Northern Peru.