【SMM Flash News】ESDM Minister Bahlil Clarifies Non-Subsidized Fuel Pricing Mechanism Amid April Hike Rumors

Deepvein Mining has unveiled DeepSight Exploration, an integrated hardware-software system utilizing drone swarms and quadruped robots for end-to-end mineral exploration. Validated at a copper project in Namibia, the platform combines autonomous mapping, sampling, and geological intelligence to pinpoint high-potential targets. This robotics-first approach aims to reduce exploration cycles by 30 to 50 percent and lower costs by approximately 40 percent while significantly improving field safety in complex environments.

Rio Tinto has officially ended production at its Diavik diamond mine in Canada's Northwest Territories after 23 years of operations, yielding over 150 million carats. While active mining has ceased at the sub-Arctic site, the company will continue to process and sell the remaining rough diamond inventory through 2026 and beyond. Extensive site rehabilitation activities, conducted in collaboration with Indigenous partners, are scheduled to run until 2029.

Nouveau Monde Graphite (NMG) has signed a revised binding term sheet with the Canadian Government to supply 30,000 tonnes per annum of flake graphite concentrate from its Phase 2 Matawinie Mine in Québec over seven years. The take-or-pay agreement features a fixed price with inflation adjustments and allows NMG to resell volumes, splitting upside revenue with Canada. Bolstered by a $335 million debt commitment from Canadian agencies and existing offtake deals covering over 70% of planned production, this agreement marks a crucial step toward finalizing transaction agreements and reaching a positive final investment decision (FID).