Burgundy Diamond Mines has decided to temporarily suspend open pit mining at its Point Lake operation, one of two active sites at its Ekati diamond mine in the Northwest Territories of Canada. The miner said the operation had become “sub-economic” due to a weak diamond market. The decision has led to the layoffs of hundreds of employees and contractors, as…
Read MoreDay: July 22, 2025
POSCO, Anson Resources to demo DLE tech
South Korean steelmaker POSCO Holdings has signed a memorandum of understanding with Anson Resources to establish and operate a demonstration plant to validate its direct lithium extraction (DLE) technology. Under the agreement, Anson will provide the lithium feedstock and the project site, while POSCO will conduct a full-scale evaluation of the business potential of its DLE technology. Depending on the…
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