Canadian miner loses appeal to move human rights lawsuit to Eritrea

By analyst

By Valentina Ruiz Leotaud

The British Columbia Court of Appeal upheld a 2016 ruling by the B.C. Supreme Court that dismissed an appeal by Nevsun Resources (TSX:NSU) to have a human rights case against the company moved to the Eritrea.

Both tribunals agree that the province’s court has territorial jurisdiction since Nevsun is a British Columbia company. They also consider that even though the practical and logistical difficulties of trying these claims in B.C. would be considerable, there is a real risk of corruption and unfairness in hearing the case in the East African country.

The case at hand was brought forward in 2014 by three Eritrean refugees. They accuse Nevsun of being “an accomplice to the use of forced labour, crimes against humanity and other human rights abuses at the [company’s] Bisha mine.”

They say that the Nevsun engaged two Eritrean sub-contractors and the military while building the mine’s facilities and that through the Eritrean National Service Program they were forced to work long hours, were confined in small spaces, were poorly fed and received little pay while under the constant threat of physical punishment, torture and imprisonment.

The plaintiffs have since been joined by some 50 other workers in their claims. They tried to bring the case as a representative action but the B.C. Supreme Court ruled in 2016 that each had to file their own claim.

Approached by different media outlets, Nevsun replied over email that it did not want to comment on matters that remain before the court.

In the statement, the company wrote: “The Bisha Mine is committed to safe and responsible operations that respect the interests of local communities, workers, stakeholders and the natural environment. There are contractual commitments in place that strictly prohibit the use of national service employees by Bisha’s contractors and subcontractors.”

Sixty-per-cent of Bisha, which is located 150km west of Asmara, is owned by the Canadian miner, while the other 40 per cent is owned by companies run by the Eritrean government. The mine started operations as a gold-silver producer in 2010 and three years later it underwent a $110-million expansion to switch to copper concentrate production from supergene ore.

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Source:: Infomine

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Exclusive Insights on the Gold Market – Wed 22 Nov, 2017

By Cory

David Vincent – Long Term Cycle Setting Up Well For Gold

I received a number of comments asking me to have David back on the site after our initial call about a month ago. In this interview we look at the long term chats for gold where David outline the long term cycles. Check out the charts below to follow along with David’s comments.

You can also click here to visit the Canamex Gold website. David recently was appointed President and CEO.

Download audio file (2017_11_22-David-Vincent.mp3)

Long Term Gold Chart (Monthly)

HUI Chart (Weekly)

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Source:: The Korelin Economics Report

The post Exclusive Insights on the Gold Market – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst.

Chris Temple from The National Investor – Wed 22 Nov, 2017

By Cory Recapping the Fed Minutes and An Update on Oil

Chris Temple joined me after the Fed minutes were released to recap some of the points that he noted. We discuss the ongoing inflation debate within the Fed and the changing of the guard with a number of seat switching next year. We also look at the oil price which continues to move up ahead of the OPEC meeting next week.

Click here to visit Chris’s site for more economic and specific stock commentary.

Download audio file (2017_11_22-Chris-Temple.mp3)

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Source:: The Korelin Economics Report

The post Chris Temple from The National Investor – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst.

Silver Bulls Should Be Bullish on Silver Bull – TSX:SVB

 

 
November 22, 2017
Editors Note – Dudley Pierce Baker
I just saw this recent article by Bob Moriarty of http://321Gold.com

Bob, I and others toured the property a few years back and for better or worst, I have continued to hold my ‘nice position’ in the shares.

Give this a read as you will probably like this silver/zinc play in Mexico.

Silver Bulls Should Be Bullish on Silver Bull – TSXV:SVB

Dudley Pierce Baker
Founder-Editor
http://JuniorMiningNews.com
http://CommonStockWarrants.com

First Look: The Hyperledger Project

By Sean McCloskey

This post First Look: The Hyperledger Project appeared first on Daily Reckoning.

Yesterday I hinted at a brand-new blockchain network powered by some of the biggest names around.

Today I’m bringing you an insider’s look at this brand-new version of the popular network.

Introducing the Linux Foundation’s Hyperledger project.

It’s biggest innovation in blockchain tech I’ve ever seen.

Pulling Back the Curtain

The Linux Foundation is a nonprofit organization focused on enabling mass innovation through open source networks and technology.

Founded in 2000, the foundation provides unparalleled support for open source communities through financial and intellectual resources, infrastructure and other services.

The foundation’s previous success is unparalleled. They’ve created some of the most ambitious innovations in shared technology we’ve ever seen.

Just look at their track record of successes:

Linux is the operating system for over 95% of the top million web domains
500 of the most powerful supercomputers in the world run Linux
80% of new smartphones run Android, an OS based on Linux code
The NYSE, Nasdaq, London and Tokyo stock exchanges all use Linux for their systems.

That’s just the short list.

Now the Linux Foundation is leading the way in a collaborative effort of over 150 major organizations to create an entirely new blockchain network.

With a track record like this, you can bet Linux is going to do it better than anyone else.

The Best of Blockchain and Nothing Else

The Hyperledger project is a new version of blockchain that offers enterprise-grade, open source frameworks.

This isn’t some hyped-up cryptocurrency network. It’s a blockchain network built by big business for big business.

Hyperledger is a user-verified and trusted version of blockchain that utilizes the best aspects of this tech while solving its biggest problems.

Hyperledger networks allow for anything of value to be tracked and traded. The application of which is already showing great promise.

Hyperledger could singlehandedly revolutionize the way companies conduct business across every major industry.

We’re seeing immediate impact in a number of industries including financial services.

For example, Hyperledger allows financial service transactions to be settled in minutes instead of days.

Reducing the time it takes to conduct these transactions may seem insignificant.

But it’s worth billions in cold, hard cash to the likes of Goldman Sachs, JP Morgan and the world’s major financial exchanges such as the NYSE.

Cost-cutting of that scale translates into growth. Which, through rising share values, could greatly bolster your own portfolio.

If you invest in companies utilizing this technology.

But the benefits of a streamlined trustworthy blockchain network don’t end there. It can also help companies manage the flow of goods and related payments. This means streamlined manufacturing and shipping costs could be reduced by billions of dollars.

If you’re looking for a growth facilitator, it doesn’t get better than this.

Because what does every company on the planet, large or small, have in common?

They want to cut costs. The Hyperledger project promises to do this on a massive scale.

The Biggest Companies Are All In

As I mentioned yesterday, the biggest issue currently facing today’s blockchain networks is trust. For global adoption of blockchain there needs to be transparency and trust.

Built as an …read more

Source:: Daily Reckoning feed

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TSXV:AMY – This Story Keeps Getting Better – Recycling Lithium Ion Batteries

      PCT International Patent Application Submitted For Lithium Ion Batteries Recycling Process and Recovery of Cathode Materials November 22, 2017 Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc., (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM) (“AMI” or the “Company”) is pleased to report the Company has filed its Patent Co-operative Treaty (PCT) Patent Application on November 9, 2017. The PCT Application is a unified international patent application with 152 participating independent states and countries.  With the filing of the PCT Application, the Company’s proprietary technology becomes patent pending in these international jurisdictions. The PCT application is another important milestone as the company continues develop and assemble intellectually property assets to capitalize on its technology for recycling lithium ion batteries. A recent article published by Reuters, “Metal recyclers prepare for electric car revolution”, details the opportunity that exists for developing processes to extract metals from spent batteries … Continue reading

Company Updates From Management – Wed 22 Nov, 2017

By Cory Update from Novo Resources – When Can We expect Exploration Results?

Novo Resources has been busy over the past couple weeks with news on a new board member and a agreement with a local aboriginal association. Quinton Hennigh joins me to outline this news and look ahead to when we can expect the first round of exploration results.

Click here to listen to the most recent interview with John Kaiser focusing on Novo and some of the other companies in the area.

Click here to visit the Novo website.

Download audio file (2017_11_21-Quinton-Hennigh.mp3)

Courtesy of the Junior Mining Network here is a video of the interview. The junior Mining Network is a great source for all resource investors to recap news of the day. Click here to visit the site.

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Source:: The Korelin Economics Report

The post Company Updates From Management – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst.

Rick Ackerman and Technicals – Wed 22 Nov, 2017

By Cory Using VXX, Amazon, and Apple As a Barometer For The Markets

Rick Ackerman is with me today to recap the main stocks that drive this markets. He outlines some targets for volatility (VXX), Amazon, and Apple which all are pointing to a continued move up in the markets. I always find it interesting when Rick says the charts look good for the equity markets because he is always looking for a spot to short but never forces it if the charts are telling a different story.

Click here to visit Rick’s website. I highly recommend signing up for the free email list and his subscription service.

Download audio file (2017_11_22-Rick-Ackerman.mp3)

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Source:: The Korelin Economics Report

The post Rick Ackerman and Technicals – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst.

LME launches probe on cobalt suppliers over fears of child exploitation

By analyst

By Cecilia Jamasmie

The London Metal Exchange (LME), the world’s biggest market for industrial metals, has launched a probe into whether cobalt mined by child labour is trading on the exchange, following several reports indicating that minors are being exploited to extract the coveted mineral.

Members of the century-old trading platform first raised concerns about questionable cobalt this summer, Financial Times reports, as they feared some of it could have come from mines in the world’s leading producer — the Democratic Republic of Congo, largely accused of child exploitation.

Worries mostly centre on a Chinese company named Yantai Cash Industrial, which first appeared on the LME in the third quarter of the year. Citing unnamed traders, FT says it was “widely speculated that Yantai Cash sources some of its unrefined cobalt from artisanal DRC mines that carry a higher risk of using child labour.”

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

Early this month, the LME sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of commodities traded in London, the article says.

According to Amnesty International, children as young as seven have been found scavenging for rocks containing cobalt in the mineral-rich but impoverished African country.

The group says it has evidence the cobalt they dig is entering the supply chains of some of the world’s biggest brands, as stated in a report released earlier this month.

Those and other allegations have put pressure on companies such as Tesla and Apple to trace the cobalt they use, with the computer and electronics maker leading the way in terms of transparency.

The electric vehicles (EV) boom has impacted cobalt prices this year and the metal is trading at around $61,000 per tonne, the highest in more than five years. That makes of cobalt the most expensive of the minerals required for manufacturing EV batteries.

According to commodity researcher CRU Group, about 60% of the mined cobalt is used to make batteries and most of that supply (54% according to data from Bloomberg Intelligence) comes from the DRC, which also holds about 49% of the world’s known reserves.

The post LME launches probe on cobalt suppliers over fears of child exploitation appeared first on MINING.com.

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Source:: Infomine

The post LME launches probe on cobalt suppliers over fears of child exploitation appeared first on Junior Mining Analyst.

Dana Lyons Commentary – Wed 22 Nov, 2017

By Cory Update on Market Internals and The Buy The Dip Mentality

Last time I chatted with Dana Lyons two weeks ago he pointed out that the market internals were weak as only a few stocks were leading the markets higher. We revisit the internals today and see that after the little bit of weakness last week they are now much stronger. With more stocks leading this rally to another all time high the overall mentality continue to be buy the dips! We also quickly discuss the USD chart and some resistance and support levels.

Click the links below to visit Dana’s sites.

Free Blog
My 401K Pro
The Lyons Share

Download audio file (2017_11_22-Dana-Lyons.mp3)

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Source:: The Korelin Economics Report

The post Dana Lyons Commentary – Wed 22 Nov, 2017 appeared first on Junior Mining Analyst.