China's Minmetals Resources late Thursday made a $1.28 billion friendly bid for Australian copper producer Anvil Mining (TSE:AVM)(ASX:AVM), the second time this year that the Chinese firm was on the hunt for copper assets, evidence of the country's efforts to secure resources.

Net copper sales for the period totalled $14.5 million, an 88.3% increase from last year, while copper production for the second quarter of 2010 totalled 4,412 tonnes.

Africa focused copper producer Anvil Mining reported much improved earnings for the fourth quarter of 2009 as it benefited from higher copper prices and increased production

On closing of the Dikulushi transaction, Mawson will assume total responsibility for the area covered by the Dikulushi Mining Convention, including the Dikulushi mine and the Kapulo Project Area.

A recent resource upgrade highlighted the world-class potential of Elemental Minerals’ Kola potash deposit, which is part of its Sintoukola property in the Republic of Congo. The company has deliberately remained below the radar, allowing the project to speak for itself. The latest results promise to lift the veil of anonymity.

Toronto's main market was back in the red Wednesday, on slumping commodities and skepticism that EU leaders will be able to devise a plan in the day’s meetings regarding the region's debt crisis.

EurOmax Resources' (CVE:EOX)(OTCQX:EOXFF) share consolidation is the first step in a process that will transform the junior explorer into a London-based exploration and development company.

Silver Bull Resources (TSE:SVB)(AMEX:SVBL) Tuesday said a new NI 43-101 report currently being completed will show a 39 per cent increase in the open pittable resources at the Shallow Silver Zone at its Sierra Mojada project in Mexico.

Geomega Resources (CVE:GMA) unveiled Thursday preliminary metallurgical results from its Montviel rare earths-niobium project near Level-sur-Quévillon, Québec, with recoveries as high as 97% total rare earth oxides (TREO).