Europe Mining News

US miner goes after rare earths in the Cook Islands

Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.

Stacked Perovskite/CIGS solar module achieves unprecedented efficiency

The thin-film solar module stack made up of perovskite and Copper Indium Gallium Selenide has a conversion efficiency of 17.8%.

Kazakhstan's gold and foreign currency reserves reach $30.71 billion

Assets of the National Fund stand at $64.85 billion.

Poland copper mine cave-in claims two lives

The accident happened at the Polkowice-Sieroszowice mine when part of a ceiling collapsed.

Caterpillar sees green shoots in mining, but sales far from picking up

The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.

Dutch parliament votes to close down country's coal industry

The Dutch parliament has voted for a 55% cut in CO2 emissions by 2030, which would require the closure of all the country’s coal-fired power plants.

Gold's bull market just starting: Analysts

Robert McEwen says the metal could trade in a range of $1,700 an ounce to $1,900 by the end of the year.

Alrosa unveils detection device for polished diamonds

Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.

One of world’s largest, newest diamond mines is now open

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.

World’s top diamond producer Alrosa doesn’t like synthetics

The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.

Five years of deficits will keep zinc price on the boil

New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.

Petra Diamond sees shiny 2017 for the global industry

The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.

Strike ends at Anglo American Los Bronces mine in Chile

Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.

Huge shot in the arm for uranium price

Europe's biggest energy project and the UK's first nuclear plant in a generation is greenlighted.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.

Lisheen Mine gears up for 'first of its kind' equipment auction in Ireland

THE second largest zinc mine in Europe, The Lisheen Mine in Co. Tipperary is preparing to sell the contents of all remaining equipment and materials at its site on 24th September by public auction, conducted by the largest independent auction company in Ireland & the UK, Wilsons Auctions.

Space mining absolutely viable — NASA expert

The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.

Stars aligning for platinum price

Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.

NASA’s latest mission may tell us whether asteroid mining is really a go

OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.

Norilsk: A blood red river runs through it

River near the eponymous city of world's top nickel and palladium miner turns crimson.

World’s largest, newest diamond mine to inject $5.2bn into Canada’s economy

Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.

US, China climate pact devastating for coal price

New study forecasts global thermal coal trade to shrink by 373 million tonnes per year, leading to minimum 30% fall in coal prices post 2020.

Eldorado Gold exits China, sells Jinfeng mine for $300 million

The move marks the Vancouver-based miner exit from China.

Zinc price rally may have gone too far

Current price could bring idled production back and bulky new projects are coming online soon.

Caterpillar to close Belgium plant, lay off 2000 workers

The possible plant closure, which could cost around 2,000 jobs, is part of a global restructuring plan announced in September that could see CAT cutting as many as 10,000 jobs globally in the coming years.