Initial drilling on its Gold Rock project has produced some promising intercepts, Midway Gold (TSX-V:MDW) reported today. The company said drills have intercepted 33.5 meters of 2.06 grams per tonne (gpt) gold, including 7.6 meters of 4.18 gpt gold, in drill hole GR11-05. Additional intercepts include 48.8 meters of 0.96 gpt gold in drill hole GR11-07, and 18.3 meters of 0.82 gpt gold in drill hole GR11-03.

Embattled Silvercorp Metals on Wednesday was forced to respond by opening up its books after a second anonymous report which it believes comes from a group of shortsellers trying to drive down the company's share price emerged on the web. Ongoing investigations into the apparent shakedown are being conducted by the RCMP, the BC Securities Commission, the SEC and the FBI, the company said. Silvercorp was forced on Friday 2 September to make public the first fraud allegations and at the same time disclosed that someone had built up a short position of 23 million shares – more than 13% of the number outstanding. The firm with projects in China and Canada plunged after the news broke and year to date losses now top 46% despite the firm’s ongoing buyback programme and a 14.3% bounce by midday today in massive volumes.

Fourteen members of the Mozambican Mining Ministry are in Ouro Preto, Brazil, as a part of the cooperation agreement between the Ministry and the Gourceix Foundation to train Mozambican staff in mining resources, oil and gas, Club of Mozambique reports.

During the course, the 14 members of staff from all of Mozambique’s provinces, amongst other subjects, will learn techniques for identification and classification of gems as well as gem cutting and polishing.

The British Geological Survey (BGS) on Wednesday published the latest list of the 52 elements, minerals and metals most at risk of supply disruption because global production is concentrated in a few countries, many with unstable governments. Surprisingly rare earths used in green technology and defence do not top the list but comes in at number five. Antimony, extracted mainly from stibnite (pictured), widely used for fireproofing is most at risk. The platinum group metals (auto catalysts) hold the second spot while niobium used in touch screens and scanners and tungsten for cutting tools are also at risk of supply disruption as a result of increased competition among the world's growing economies, political instability, resource nationalism, along with events such as strikes and accidents. China is the number one producer of 50% of the 52 chemicals on the list and produces 75% of the world's antimony.

Hathor Exploration announced early Wednesday that its board unanimously recommends that shareholders reject Cameco's unsolicited offer for the company calling it 'opportunistic' and 'predatory' coming in the wake of the Fukishima disaster in Japan that sent uranium oxide prices to lows of around $50/pound. Hathor opened down slightly on Wednesday trading at $4.15 versus Cameco's offer of $3.75. Yesterday the company said a preliminary economic assessment of its Roughrider uranium deposit showed it would potentially be one of the lowest cost uranium producers in the world at only $14.44/lb U3O8. The junior uranium explorer has gained about 56% since the offer and 121% since the start of the year. In contrast $8 billion industry bellwether Cameco’s stock has almost halved in 2011.

Barrick Gold (TSX:ABX) will spend half a billion dollars to expand two of its mines in Peru, Bloomberg reports. Toronto-based Barrick, the world's largest gold miner, says it will invest $$550 million to expand operations at its Alto Chicama and Pierina mines by 2013. Quoting the company's country manager Darrell Wagner, Bloomberg states that the investment will serve to extend the minelives of both mines by four years, with production dropping as reserves are depleted:

Hanjin Shipping signed a 15-year consecutive voyage contract on Wednesday with Korea Southern Power (Kospo) to provide two capesize vessels for the transportation of soft coal.

A dispute in the north of New Caledonia has stopped the export of nickel ore from the SMSP site to its South Korean partner, Posco. Members of the Kaala-Gomen tribe claim that the United Nations Declaration on the Rights of Indigenous Peoples provides for them to have a share of the profit drawn from mining.

Firestone Ventures Inc.(CVE:FV) reported high-grade zinc-lead-silver results from "La Luna" project, 80 km north of Guatemala City, Guatemala.