Canadian oil sands producers battling high development costs are getting help from an unlikely quarter: Saudi Arabia and its OPEC allies.

The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.

The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company after South Africa’s Mineral Resources Minister approved the acquisition by Anglo American.

Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.

The Globe and Mail looks at the mystery of a plane chartered by Barrick Gold that crashed into the Iskut River in 1996. The pilot perished and 16,600 pounds of gold condensate was lost. Condensate is not gold bars but still valuable. Barrick Gold has refused to speculate on the approximate value of the plane's cargo.

Urakali said potassium chloride production was 2.9 million tonnes in Q2, besting the 2011 quarter by 300,000 tonnes.

Frenetic CNBC stock picker, Jim Cramer, told viewers he believes in gold, not currency.

The Declaration is a statement of cooperation between the partners for the responsible development of Stornoway's 100% owned Renard Diamond Project based on the principles of environmental protection, social responsibility and economic efficiency.

Osisko Mining Corporation reported that its second quarter gold production totaled a record 92,003 ounces from its flagship Canadian Malartic Mine. Year to date, Canadian Malartic has produced a total of 183,181 ounces of gold.