England Mining News

UK Royal Mint sees major gold rush in wake of interest rate cut

Transactions on the Mint’s bullion website increased by 25% during the first week of August and there was a 50% weekly jump in sales of gold bars and coins after August 4.

Structural problem forces London Metal Exchange to relocate

Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.

Here’s why silver is shining brighter than gold

Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.

UK Royal Mint sales up more than a third ahead of Brexit vote

Elevated demand has translated into a 150% increase in revenue for Britain's official producer of gold and silver coins and bars.

Royal Mint opens gold vault to British pension investors

Pensioners allowed to buy some of the Royal Mint's gold reserves for the first time.

Ex LME CEO to set up new metals trading platform for London

Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.

Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates

Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.

LME said in talks with banks to list gold contracts in London

The LME, the world’s biggest metals bourse, has said for years that it wants to expand into London’s gold market.

Sirius Minerals to supply 500,000 tonnes of fertilizer a year to Chinese firm

The offtake deal with Huaken International is for seven years from the moment the York Potash mine is up and running.

British potash mine to shed 220 jobs

Britain’s only potash mine is cutting hundreds of jobs and switching away from potash production in a further blow to industry in north-east England.

Construction of giant York Potash mine to begin next year

The $3.15 billion project will tap into the world’s largest and highest grade deposit of polyhalite, used as a fertilizer, inside the North York Moors National Park.

New variety of hard-to-find mineral discovered in England

The last time a vein of Blue John Stone, a legendary semi-precious mineral, was discovered was in the in the XIX century.

Sirius stock collapses after unveiling plan for UK’s largest potash mine

The company also said it expects final decision notices for key approvals by the end of September.

Sirius gets green light to build UK’s largest potash mine

A special committee voted 8-7 in favour of the project, expected to generate at least 1,000 permanent jobs and inject US$1.6 billion a year to the British economy.

Opposition to Sirius Minerals $3bn potash project in national park builds up

The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.

China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Mining millionaire's ex-wife about to become ‘homeless'

Mann, who specializes in brokering mining deals, says he has run out of money.

ICE wins race to run the London gold fix

Bids and offers will be published in real time and the price updated every 30 seconds.

Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

U.K. Coal Authority launches mobile friendly version of Interactive Map Viewer

The application allows users to view selected coal mining information on a smart phone or tablet.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

UK authorities to review bid for $2.7bn potash project in national park

Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.

London Metal Exchange raises fees by a third

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

Treasure hunt madness after $20,000 diamond falls from the sky

The gem is believed to have landed in a field near the village of Lea in Gainsborough, England.

English schoolboys dig up rare 4,300-year-old gold hair ornament

Only ten finds like this have ever been made in the UK.