Scrap metal company must pay for buying stolen nickel worth millions, Manitoba judge rules – by Cameron MacLean (CBC News Manitoba – February 1, 2021)

https://www.cbc.ca/news/canada/manitoba/

A Manitoba metal recycling company is on the hook after buying hundreds of thousands of pounds of stolen nickel worth millions of dollars, a judge ruled.

Court of Queen’s Bench Justice Shauna McCarthy awarded mining company Vale Canada Ltd. a summary judgment against Urbanmine, Inc., which purchased and resold 483,396 pounds of nickel stolen from a compound in Thompson, Man., over the course of nearly 10 months between July 2012 and May 2013.

In her decision on Aug. 27, 2020, McCarthy also awarded Vale a default judgment against the Schwartz Bros. construction company and a number of its employees, all but one of whom pled guilty to criminal charges related to the thefts and were ordered to pay restitution.

“The defendant, Michael James Schwartz, has admitted that over the course of several months and on his instruction, the Schwartz defendants stole and sold the plaintiff’s nickel to Urbanmine for the total sum of $2,474,991.90,” McCarthy wrote.

Urbanmine then resold the nickel to ELG Metals Inc. and EOS Metals for more than $3.4 million.

For the rest of this article: https://www.cbc.ca/news/canada/manitoba/stolen-nickel-schwartz-bros-urbanmine-vale-1.5897181

No comments yet.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.