Europe

Glencore may be forced to shut down giant zinc mine in Australia

Cecilia Jamasmie | August 28, 2015
Glencore may be forced to shut down giant zinc mine in Australia

The Northern Territory Chief Minister has threatened to close Glencore's McArthur River operation if the miner does not improve its environmental practices.

Alrosa Releases Social and Environmental Report for 2014

ALROSA | August 27, 2015

The Report is to inform a wider audience about ALROSA's major contribution to three areas of sustainable development: economy, environment and social systems.

Greek court hands legal win to Eldorado Gold over halted mine

Cecilia Jamasmie | August 27, 2015
Greek court hands legal win to Eldorado Gold over halted mine

The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.

Frik Els

Iron ore still in a bull market. What does it say about China?

Frik Els | August 26, 2015
Iron ore is still in a bull market

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Molycorp shuts down Mountain Pass rare earth plant

Cecilia Jamasmie | August 26, 2015
Molycorp shuts down Mountain Pass rare earth plant

The former superstar of rare earths mining said it has decided to put the California facility on "care and maintenance" mode by Oct. 20 due to weak prices.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Anglo American ok to extend debated coal mine in Australia

Cecilia Jamasmie | August 25, 2015
Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

EU probing ‘anticompetitive behavior in precious metals spot trading’

MarketWatch | August 25, 2015
European Union flag

The European Union’s competition watchdog is investigating alleged “anticompetitive behavior in precious metals spot trading,” a spokesman said.

Criminal investigation of a Finnish conservation group requested by Vancouver-based Mawson Resources

Mawon Resources request criminal investigation into NGO - 333

The Vancouver-based miner claims the Finnish Association for Nature Conservation’s (FANC) Lapland chapter is willfully misleading the courts in its appeal of an exploration permit decision — a criminal act under Finnish law.

Greek protesters arrested in clash over Eldorado suspension of 2,000 workers

Cecilia Jamasmie | August 24, 2015
Greek protesters arrested in clash over Eldorado suspension of 2,000 workers

More demonstrations are expected Monday, as mine workers rally near the Canadian company's mines.

China fresh sell-off sends commodities, markets to the pits

Cecilia Jamasmie | August 24, 2015
China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Frik Els

Mining private equity is being fundamentally transformed

Frik Els | August 23, 2015
Mining private equity is being fundamentally transformed

Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"

Coal mine massacre during Solidarity-era Poland to go public

Andrew Topf | August 23, 2015
The memorial to the coal miners who died at Wujek.

One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.

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

Cecilia Jamasmie | August 21, 2015
New variety of almost extinct mineral found 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.

Metso to shut mining equipment plant in Pennsylvania next year

Cecilia Jamasmie | August 20, 2015
Metso to shut mining equipment plant in Pennsylvania next year

The closure, part of a major business restructuring, will affect about 80 people currently employed at the plant.

Russian rare earth producer to invest $320M into tantalum and niobium production

investorINTEL | August 20, 2015

Technoinvest Alliance, one of Russia’s largest producers of rare earths is considering investing up to US$320 million in the development of Zashihinskoe field, one of Russia’s largest rare earths reserves.

Eldorado Gold to take legal action against Greece over mine halt

Cecilia Jamasmie | August 20, 2015
Eldorado Gold to take legal action against Greece over mine halt

The company warned it would take authorities to court after Greece’s energy ministry halted production at the company’s Skouries gold and copper mine.

Decision in Rio Tinto’s case against Vale over Simandou imminent— report

Cecilia Jamasmie | August 19, 2015
Decision in Rio Tinto’s case against Vale over Simandou imminent— report

New York court must decide by September whether or not it accepts Vale and BSGR request to dismiss the lawsuit that claims they conspired to steal Rio's rights over the asset.

Greece halts operations at Canada’s Eldorado Gold mine

Cecilia Jamasmie | August 19, 2015
Greek court hands legal win to Eldorado Gold over halted mine

The government is suspending activity at Eldorado's Skouries mine, saying the company has violated some terms.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

K+S secures major potash supply deal from its Canadian Legacy mine

Cecilia Jamasmie | August 18, 2015
K+S secures major potash supply deal from its Canadian Legacy mine

The agreement with Kansas-based Koch Fertilizer comes as the European firm attempts to fend off a takeover bid from Potash Corp.

Glencore plans to shut Eland platinum mine in South Africa, union says

Cecilia Jamasmie | August 18, 2015
Glencore plans to shut Eland platinum mine in South Africa, union says

The company had said in June it lacked the inside edge to make owning the precious metal worthwhile.

Canada’s Eldorado Gold buys 15% stake in Integra Gold

Cecilia Jamasmie | August 18, 2015
Canada’s Eldorado Gold buys 15% stake in Integra Gold

Deal will give Integra up to a $27 million-cash injection, allowing it to move forward with its Quebec-based Lamaque gold project.

Goldman Sachs abandons physical commodities after coal division sale

Cecilia Jamasmie | August 17, 2015
Goldman Sachs abandons commodities after coal division sale

The firm began disposing mining assets last year, as prices for most commodities began a downward trend and U.S. regulators increased pressure on banks to get out of risky businesses.

German coal protesters shut down lignite mine

Andrew Topf | August 16, 2015
Coal revival cripples Germany’s $130 billion green drive

A group of activists protesting the use of coal in Germany were teargassed over the weekend after breaking through police lines, RT reported on Sunday.

Deep sea mining: a potential source of renewable resources?

Michael Saunders | August 14, 2015
Deep sea mining: a potential source of renewable resources?

Not metaphorically, but literally – the deep sea is a gold mine, and that is just scratching the surface.

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