By James B. Kelleher CHICAGO (Reuters) - An odd thing happened on Monday when Caterpillar Inc <CAT.N>, the world's largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness in the mining industry it bet on so heavily in recent years. Its shares rallied.

An island province exposed to open seas without protection, Catanduanes is feared to lose its title as the only province in Bicol with remaining virgin forests and as abaca capital once coal mining operation in its bosom is allowed to start. At this early, the Diocese of Catanduanes led by Bishop Manolo de los Santos has started getting frantic as the government was reported to have favored granting a permit to the multi-national Altura Mining to explore a 7,000-hectare coal area that covers the towns of Bagamanoc, Panganiban, Viga and Caramoran. Catanduanes has 11 towns.

The Guyana government says it will hold a national mining lottery later this month that will target small miners due to the increased demand for mining properties. Natural Resources and the Environment Minister Robert Persaud said the lottery to be held in all six mining districts is also aimed at curbing illegal mining allowing miners to now have access to mining properties as well as conduct of their operations without fear of the regulators or others disrupting their procedures. “Many instances when we go out there, persons claim that they do not have access to their own lan

From the glory hole, the provincial government of Catanduanes has retrieved a resolution it used to repel a coal mining in the province four years ago, this time for use against a similar venture that an Australian firm is pressing on. The provincial legislative board recently passed a measure that Gov.