Polyus’ Siberian gold deposit has world’s biggest reserves

They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.

The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.

Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.

The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.

Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.

More than half of the world’s identified resources of the mineral are found in South America's "lithium triangle", a region where Canada's Wealth Minerals has been acquiring assets.

New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.

As commodity prices dip, job prospects for geoscientists plummet – with little or no lag time between one outcome following the other.