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 MoreCategory: Latest News
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…
Read MoreMP Materials partners with Apple on recycled RE magnets
MP Materials has entered a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States entirely from recycled materials, supporting American manufacturing and circular supply chains. “We are proud to partner with Apple to launch MP’s recycling platform and scale up our magnetics business,” said James Litinsky, founder, chairman and CEO of MP Materials. “This…
Read MoreBlue Lagoon celebrates Dome Mountain opening
Canadian miner Blue Lagoon Resources held an official opening of its Dome Mountain gold project on July 9 with guests from across the country and abroad. The project recently secured its mining permit, one of only nine granted in British Columbia in the past decade. During the two-day event, guests had the opportunity to take underground tours as well as…
Read MoreHudbay temporarily suspends Snow Lake operations
Hudbay Minerals has enabled a controlled, safe and orderly temporary suspension of operations at Snow Lake following a mandatory wildfire evacuation order for the area in northern Manitoba. “We remain committed to ensuring the safety of our employees, their families, local First Nations members and the communities we serve. With the current unprecedented dry conditions in northern Manitoba, our team…
Read MoreMSHA cautions on blasting
The Mine Safety and Health Administration (MSHA) notes that blasting is an essential part of many mining operations, but also carries significant risks. Every stage of the blasting process – from storage and transportation to detonation – requires strict adherence to safety practices to prevent accidents and injuries. Blasting safety demands attention to detail, proper planning and adherence to established…
Read MoreMotion opens new branch In Quebec
Maintenance, repair and operation replacement parts, and industrial solutions provider Motion Industries Inc., announced the opening of a new sales branch in Quebec, Canada. The new facility, located at 2903 7th Street, Val-d’Or, officially opened on June 2. This strategic location strengthens the company’s ability to better serve and expand its customer base in Northern Quebec. The Val-d’Or facility joins…
Read MoreMP Materials, DoD to accelerate rare earth independence
MP Materials has entered into a transformational public-private partnership with the United States Department of Defense to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency. As part of the deal, the DoD is positioned to become the largest shareholder in MP Materials after agreeing to purchase $400 million of a newly…
Read MoreMetals One secures Uravan project in U.S.
London-based Metals One has completed its acquisition of the Uravan uranium-vanadium project in Montrose County, Colorado. The deal, which includes 59 unpatented claims with a 10-year exploration lease, supports the company’s expanding critical minerals portfolio. Total consideration for the acquisition is $50,000 in cash and the issuance of 500,000 new ordinary shares in Metals One. “The formal acquisition of the…
Read MoreB2Gold’s Goose mine achieves inaugural pour
B2Gold has poured first gold at the Goose mine, which forms part of the Back River Gold District located in Nunavut, Canada. This is the company’s first Canadian operating asset. “The commencement of gold production at the Goose mine marks an exciting step in B2Gold’s history, further diversifying and adding to the quality of the company’s existing global operating portfolio,”…
Read More