Iron ore thunders higher as mine dams closed, exports collapse
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.
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Jewelers must disclose whether diamonds are mined or synthetic — FTC
The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.
Kirkland Lake files updated Macassa 43-101 report
Inferred resources total 610,000 tonnes averaging 16.7 g/t gold for 328,000 contained oz. of gold.
Casa Berardi reserves up 28% for Hecla
Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold.
Wesdome discovers new Falcon zone at Eagle River mine
Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.
Hitachi’s new EX-7 mining excavators provide next-level fuel efficiency
Within the EX2600-7 and EX5600-7, Hitachi’s Fuel Consumption Optimization (FCO) technologies can reduce fuel consumption up to 8-10% versus the previous models.
Diamond trading on the open exchange moves closer
The U.K.’s financial regulator has authorized U2 Diamond Prices Ltd. as a benchmark administrator, joining firms such as FTSE International Ltd. and ICE Benchmark Administration Ltd.
Uganda seeks again to redevelop defunct Kilembe copper mine
The Ugandan government is making another attempt to reopen a defunct copper mine estimated to contain 4 million tonnes of ore.
Wildcatters of the prairies get big boost from Alberta oil cuts
One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.