Aerial view of Diavik diamond mine. (Image courtesy of Dominion Diamond.) Canada's Dominion Diamond Mines is suing Rio Tinto's subsidiary DDMI, its associate in the iconic Diavik mine, for alleged breach of contract and acting against the best interests of the partnership.The lawsuit, filed on Tuesday in the Supreme Court of British Columbia, Canada, alleges that Diavik Diamond Mines, which owns...Read More

The law of unintended consequences is - as far as laws go - a pretty interesting one.It's been used by famous philosophers and economists, from Adam Smith's "invisible hand" to John Locke's interest rate experiments, to explain away the problem of trying to predict things.It boils down to this: the actions of people and governments always have effects that are unanticipated or unintended. Viruses,...Read More

East Cadillac gold project in Quebec. Credit: Chalice Gold.Probe Metals has identified three new gold zones in drilling at the Cadillac Break East project, near Val-d'Or, Quebec, where the junior is earning up to a 70% stake from O3 Mining.One hole, located 2 km southeast of the Sleepy deposit at the project, hit 4.2 metres of 4.2 g/t gold starting at 315 metres downhole.The company also made t...Read More

Pine Point lead-zinc project. Image courtesy of Osisko Metals A preliminary economic assessment (PEA) for Osisko Metals' wholly owned Pine Point project in the Northwest Territories outlines an 11,250 t/d open-pit and underground operation, mining 47 small open pits and eight high-grade shallow underground deposits.The proposed 10-year mine would produce an average of 327 million lb. of zinc...Read More

Image by Tina Koehler from Pixabay. Equator Principles 4 (EP4), an environmental and social risk management framework adopted by financial institutions, comes into effect October 1. Norton Rose Fulbright, sole legal counsel to the Equator Principles Association for the review of the new version, is offering a webinar to provide insight on ESG and the new EP4 requirements in the areas of human rig...Read More

The Canadian company is Colombia's largest underground gold and silver producer. (Image courtesy of Gran Colombia Gold.) Gran Colombia Gold (TSX: GCM) announced on Tuesday that it produced a total of 18,129 ounces of gold in May, about 98% of gold production in the same month last year. The largest underground gold and silver producer in Colombia reported total gold production for the first five...Read More

Weekly Reports |Jun 16 2020While last week was another of little activity in uranium markets, attention turned to progress on global decarbonisation and nuclear power's role therein.-No virus impact on reactors-Nuclear build plans slowing-US electricity could be 90% carbon-free by 2035By Greg PeelWhile the effects of the pandemic on global energy demand are still being measured and forecasted, no...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More

The unveiling of the US Federal Reserve's corporate bond purchase program late in the European trading day on Monday June 15 revived investor confidence in commodities on Tuesday, boosting LME three-month base metals prices. Donald Trump's administration is currently considering a potential infrastructure bill valued at nearly $1 trillion, fueling risk-on sentiment across the LME base metals compl...Read More

China has released a minimal amount of quotas in its eighth announcement in 2020 to allow importers to source copper and aluminium scrap from overseas, Fastmarkets understands. An extra 1,570 tonnes of copper scrap and 5,840 tonnes of aluminium scrap could be allocated for import into the country this year, the environmental ministry said on Tuesday June 16.So far...Read More

"Despite the recent correction, the S&P 500 has recouped most of its losses since the start of the crisis; the FTSE emerging market index and Africa index are substantially improved; the BovespaRead More

Wage would not comment on the specifics of the various Australian SOP projects, which include Agrimin's Lake Mackay, Reward Minerals' Lake Disappointment and Salt Lake Potash's Lake Way projects, butRead More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has launched its complete portfolio of 4G cellular signal boosters at Amazon.com which includes the Uniden (R) U60C 4G Home/Office Cellular Signal Booster Kit, Uniden (R) U65C 4G Home/Office Cellular Signal Booster Kit, Uniden (R) U65P 4G Home/Office Ft....Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More

Prime minister Scott Morrison said yesterday that delays in approvals under the Environment Protection and Biodiversity Conservation Act 1999 cost industry A$300 million alone in 2019.Read More

The electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore. The Belgian company anticipates a 25% decline in total global automotive production this year, but while the coronavirus and its impact on the global economy have clouded the outl...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More

China has released a minimal amount of quotas in its eighth announcement in 2020 to allow importers to source copper and aluminium scrap from overseas, Fastmarkets understands. An extra 1,570 tonnes of copper scrap and 5,840 tonnes of aluminium scrap could be allocated for import into the country this year, the environmental ministry said on Tuesday June 16.So far...Read More

Turkish steel producers continued to stay away from the deep-sea scrap import market, but the current firm prices could soon start to rise if demand for rebar grows, sources said on Tuesday June 16.After booking nine deep-sea cargoes, totalling 250,000 tonnes last week, the Turkish steel producers have been quiet since the start of this week.They are still expected to book more cargoes,...Read More

Markets were stronger across the board this morning, Tuesday June 16, reversing the weakness seen at the end of last week and during early trading on Monday.The Federal Reserve's action to extend buying to a wider base of corporate debt suggests the central bank will "do whatever it takes" to support market sentiment, and indeed markets, if it can. Base metals prices on both the London Metal Excha...Read More