New Delhi, June 14 (PTI) Coal Minister Sriprakash Jaiswal has invited Czech Republic firms to invest in the coal sector in India.

Commodities trader Glencore (GLEN.L: Quote) is not considering a bid for embattled miner ENRC, its chief executive said, dismissing reports of a takeover after it disappointed the market with its maiden frst-quarter results. Shares in the world's largest diversified commodity trader dropped 2 percent as weaker-than-expected results from its metals and mining trading unit held back its operating profit.

Gold rebounded on Tuesday after posting its biggest one-day loss in a month in the previous session on growing worries about another global economic downturn, but a weaker U.S. dollar and bargain hunting by jewellers offered support. While signs of a cooling Chinese economy could weigh on industrial metals, dealers expect no change in China's appetite for bullion. Investors were also awaiting a trail of U.S. data later in the day which could set the tone for commodities.

About 100 men in their 20s and 30s, filled a conference room at a Dublin hotel last week to hear a migration agent describe the personal fortunes waiting to be made a world away in the booming mining towns of the Australian outback. With unemployment running at close to 15 percent in Ireland, and local wages a fraction of those now on offer in Australia, it appeared to be an easy sell.

Bloomberg News reports that Hecla Mining, the biggest silver producer in the United States, has agreed to pay $263 million to settle one of the country's biggest Superfund lawsuits: Hecla’s payment, including interest, will be made to the federal government, the Coeur d’Alene Indian Tribe and the state of Idaho, resolving claims stemming from waste discharged from its mining operations, the U.S. Justice Department said today in an e-mailed statement.

Helio Resource Corp. on Monday reported the first diamond drill results from the current drill programme at the Gold Kop Target, on its 100%-owned Damara Gold Project in Namibia. The Gold Kop Target is situated 45km northeast of AngloGold Ashanti's Navachab gold mine. On Monday, Helio which also owns gold projects in Tanzania was trading up almost 5% on the TSX Venture Exchange on the news. The tightly-held company is worth some $44m with 104m shares outstanding.

Ivory Coast can double gold output within two years from the current 7 tonnes per year as more miners seek to tap its estimated 200,000 tonnes of reserves, an industry association official said on Friday. "We can double production very quickly within the next two years, because there are several companies carrying out exploration, and it is likely that new sites could start production," said Michel Mian, president of the Interprofessional Mining Group (GPMCI) and head of Australia's Newcrest (NCM.AX) Ivorian operations.

Canada Lithium Corp. (TSX: CLQ; U.S. OTC: CLQMF) announced today the results of the updated feasibility study for the development of a mine and lithium carbonate processing facility at its Québec Lithium Project near Val d’Or, Québec. A National Instrument 43-101 compliant technical report respecting the updated feasibility study will be filed on SEDAR within 14 days. The June technical report will replace the technical report dated January 5, 2011, that was prepared in respect of a feasibility study for the project that was completed in December, 2010.

Osisko Mining Corporation (“Osisko”, OSK – TSX; EWX – Deutsche Boerse) and Clifton Star Resources Inc (“Clifton”, CFO – TSXV; C3T – Deutsche Boerse) are pleased to provide an independent NI 43-101 compliant gold mineral resource estimate for the Beattie deposit at the Duparquet Project, located in the Abitibi region of Quebec.