Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining and oil investment by a trade magazine.
China National Offshore Oil Corp's (CNOOC) believes its proposed $15.1 billion takeover of Canadian oil producer Nexen Inc. (TSX & NYSE:NXY) should go ahead without major hiccups as talks with provincial leaders reaffirmed the country values China as an investor in its oil sands sector.
Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a year ago.
BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for the project.
China's Zhongrun Resources Investment Corp is on track to acquire 42% of Australia's Noble Mineral Resources (ASX:NMG) for AUD$85 million as well as options to obtain a majority stake.
Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.