Articles for tag: Diamonds, producing, reopen, set, Yellow

May 21, 2024

Ron Finklestien

mining

Past producing yellow diamonds mine set to reopen

The leases cover the main portions of the historic workings at the E4 and E9 pipes, as well as the extensively bulk-sampled E12 alluvials and their access, Gibb River said. As part as the reopening steps, Gibb River said it is scheduled to conduct a heritage clearance survey in the first week of June. The company is also studying financing options for the project, including debt, equity, earn-in partner, joint venture partner, a North Australian Infrastructure Fund (NAIF) partnership, or other government funding schemes available. The exploration and development company became Ellendale’s sole owner in March last year, after acquiring

March 19, 2024

Ron Finklestien

mining

Judgment Upheld: Former CEO’s Appeal Dismissed Over Environmental Violations at Yellow Giant Mine

Details of the Verdict Former CEO Benjamin Mossman saw his appeal shattered by a British Columbia court, upholding the verdict that found him guilty of 13 environmental breaches. These infractions included the discharge of mine waste, failure to report environmental spills and dumping, and releasing substances in concentrations surpassing legally permitted levels. In a ruling that cast a dark echo across the industry, the court declared that Mossman was complicit—whether directly or indirectly—in the Yellow Giant mine’s repeated breaches regarding zinc levels. This reckless behavior led to the pollution of precious bodies of freshwater in the vicinity of the mining