The months-long saga over the future of Lundin Mining took another interesting twist on Friday, when a consortium of Chinese companies jumped in with a potential bid, according to a story in The Globe and Mail. Lundin has been the target of two takeover bids, the first by Inmet Mining, which recently fell through, and the second by Equinox Minerals, which unveiled a $4.8 billion hostile takeover bid to counter the Inmet offer. That deal was derailed when China's Minmetals Resources tried to acquire Equinox, which has since been acquired by Barrick Gold, which presented a richer offer worth $7.3 billion.

Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) is pleased to announce that Hunter Dickinson Resources Ltd. ("Hunter Dickinson"), a subsidiary of Hunter Dickinson Inc., has signed an agreement to acquire up to a 69.95% interest in a portion of the Company's Shining Tree property position (the "Project") in NE Ontario. A binding letter agreement ("Letter Agreement") has been executed and is subject to, among other things, completion of due diligence ("Due Diligence") within 60 days.

Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) (“Osisko”) is pleased to provide a revised summary of the annual mine production plan for its 100%-owned Canadian […]

In an effort to include nontechnical, or soft skills, as part of its new approach to education in mining engineering, the University of Pretoria’s Department of Mining Engineering reports it is currently in the final stage of converting all its undergraduate paper-based mining subjects to instructionally designed modules. These modules will consist of electronic, interactive course notes including videos, animations, photos, mouse-overs and cross-links to improve students’ abilities to acquire and apply their knowledge of the mining industry.

The inclusion of nontechnical skills, which are currently being incorporated as part of the curriculum for the mining subjects, will assist students in better understanding the complexities of mining and can improve their chances of success in the industry.

Greg Hall, managing director of Toro Energy Ltd (ASX: TOE), said the main nuclear power countries are continuing their new build programmes for nuclear power while adapting to lessons learned from the incident. The uranium spot price dropped significantly after the incident but had, by the end of the March quarter, returned to the December 2010 average of $US62.50 per lb of U308.

Namdeb Diamond Corp said on Thursday that it had moved back into profit as the global recovery stoked demand for its luxury product and it was cautiously optimistic about the market picking up further. Namdeb, Namibia's main diamond producer, is a 50-50 joint venture between De Beers, which is 45 percent owned by mining group Anglo American (AAL.L: Quote), and the country's government.

Inmet Mining bettered its earnings in the first quarter compared to Q1 of last year, Reuters reported: Inmet Mining's (IMN.TO) first quarter profit rose on higher metal prices and higher sales volumes, the Canadian copper producer said on Thursday. Inmet earned C$59.4 million, or 97 Canadian cents a share, from continuing operations. That compared with C$49.4 million or 96 Canadian cents a share in the year-ago period. The Toronto-based company sold its 18 percent stake in Ok Tedi Mining for $335 million in January.

Entrée Gold Inc. (TSX:ETG) has received assay results from three additional deep diamond drill holes on the Ann Mason deposit in the Yerington district of Nevada. Each hole returned long intercepts (584 m to 718 m) averaging 0.38% to 0.42% copper equivalent ("CuEq"). Higher grade intervals were also encountered. Hole locations and cross sections can be viewed at www.entreegold.com.

Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported record first-quarter earnings of $0.84 per share1 ($732 million), 71 percent above the $0.49 per share ($444 million) earned in the same period last year. Strong demand and improved prices for all three nutrients resulted in record first-quarter gross margin of $1.1 billion, significantly above the $729 million earned in last year’s first quarter. Earnings before finance costs, income taxes and depreciation and amortization (EBITDA)2 of $1.1 billion and cash flow prior to working capital changes2 of $899 million substantially exceeded the first-quarter 2010 totals of $776 million and $633 million, respectively.