Anfield Energy Set To Launch Construction Of Velvet-Wood Uranium-Vanadium Mine
Anfield Energy (TSXV: AEC) is set to formally launch construction activities for the Velvet-Wood uranium-vanadium mine in San Juan County, Utah. The company this morning revealed the decision to move forward with construction following the announcement of a planned ground breaking ceremony on November 6.
G Mining Formally Approves Construction Of Oko West Gold
G Mining Ventures (TSX: GMIN) is officially moving forward with the development of a second mine, putting the company on the path of becoming a multi-asset producer. The firm this morning announced a formal construction decision for their Oko West Gold Project in Guyana. The formal construction decision is said to come at an initial […]
Volkswagen to Halt Production at German Plants Amid Chip Shortage Tied to US-China Tensions
Volkswagen will halt production of its Golf model at its main Wolfsburg plant starting October 29 due to a semiconductor shortage sparked by escalating trade tensions between the United States and China, according to German newspaper Bild. The automaker may also suspend production of the Tiguan, Touran and Tayron models. The company has not specified […]
Molson Coors To Slash Workforce 9% By December 2025
Molson Coors (TSX: TPX.B) said on Monday it will cut about 400 salaried jobs across its Americas workforce, equal to 9% of that section, with completion targeted by December 2025. The company expects fourth-quarter charges of US$35 million to US$50 million tied to the plan. The brewer said the restructuring will free funds to reinvest […]
US-China Trade War Escalates as Beijing Tightens Rare Earth Controls
China has imposed sweeping export restrictions on rare earth elements critical to defense systems and advanced technology, significantly escalating trade tensions with the United States and threatening global supply chains just weeks before Presidents Donald Trump and Xi Jinping plan to meet. China announced the new controls in early October. They take effect December 1 […]
Joly Differentiates GM’s Ontario Exit From Stellantis: “Not Going Well Commercially”
General Motors has ended BrightDrop electric van production at its CAMI Assembly plant in Ingersoll, Ontario, a decision that will eliminate about 1,200 jobs and mark a second blow to Canada’s auto sector in less than a week. “The commercial electric van market has been developing much slower than expected,” CEO Mary Barra told investors, […]
Fires Hit Two EU Refineries Handling Russian Oil
Separate incidents struck oil facilities in Hungary and Romania on Monday, both processing Russian crude, prompting investigations by local authorities. Fire in Hungary’s primary refining facility, operated by MOL Group near Százhalombatta outside Budapest, erupted Monday evening. Regional firefighters assisted plant personnel in controlling the flames. The company reports work has resumed at portions of […]
Beijing Answers US Rule With Rare Earth Export Controls
China’s October rare earth export controls were a reaction to a late-September US escalation that extended entity list restrictions to any affiliate 50% owned by a listed party, boosting coverage from roughly 1,400 Chinese firms to an estimated 20,000 according to policy analysts. The Bureau of Industry and Security’s new rule automatically subjects majority-owned subsidiaries […]
Ontario Opens Fast-Track For New Mines: “End Of Unacceptable Delays”
Ontario is now accepting applications to fast-track advanced exploration and mine development under a new One Project One Process framework that targets at least a 50% reduction in provincial review times. Designated projects will be run by a dedicated Mine Authorization and Permitting Delivery Team led by the Ministry of Energy and Mines as a […]
Northern Superior To Be Acquired By IAMGOLD For $375 Million As Part Of Larger Consolidation Move
IAMGOLD (TSX: IAG) is making major moves this morning to consolidate an entire mining district. The company has announced the acquisition of both Northern Superior Resources (TSXV: SUP) and Mines D’Or Orbec (TSXV: BLUE) as part of an effort to secure the entire Chibougamau region of Quebec.