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Europe News Digest
Saturday 29 April 2017
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The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

Deal creates one of the largest diamond mines in West Africa.

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Miners have begun spending in equipment again, the Swedish firm's results show.

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

The Finnish industrial machinery company presented its new digital platform Metso Metrics Services at CONEXPO-CON/AGG 2017 in Las Vegas

The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.

Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

The estimated value of the bars is of $1.4 million

The latest chapter in the Simandou case.

The company is also said to be mulling a number of investment projects involving a Chinese chemical company.

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

Transaction will see the Tokyo-based trader acquiring up to 100% of the output coming from Bacanora's Sonora lithium project in Mexico.

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

2016 highlights: a year of breakthroughs and setbacks

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

The new Metso N-Series Mobile Shear/Baler/Logger (NMS) and N-Series Box Shear (NBS) have been developed with active and mobile scrap processing companies in mind.

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