Europe Mining News

BC gold miners reap Brexit rewards

A gold bull market would be good for the badly battered TSX Venture exchange, which is heavily weighted with junior miners with gold projects.

Belarus to sell India potash at lowest price in a decade

Price is about a third less than last year's level as global supplies of the crop nutrient exceed demand.

World’s largest diamond found in 100 years goes under the hammer

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

Copper is soaring, hits 7-week high

Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.

Brien Lundin: Brexit underlines currency debasement as the real driver behind gold price appreciation

The Brexit vote to leave the E.U. is bullish for gold as it creates uncertainty but the real driver for the long term gold price is currency devaluation, which is happening now globally at an unprecedented rate as most countries attempt to lessen the value of their debt.

Potash price surge could lead to higher food costs for billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

K+S warns Q2 profit dramatically lower than a year earlier, shares collapse

The German fertilizer producer blamed weak prices, production outages and scarce sales for the poor results.

Kyrgyz authorities hand Centerra Gold final permit to keep Kumtor mine running

Kumtor mine is the country's largest private sector employer and taxpayer and Centerra’s main gold producing mine.

London-based gold seller says 'phones are ringing off the hook'

Google says "buy gold" searches have soared 400%.

Is there a future for the Russian coal industry?

It is an open secret that the global electric power industry of which the coal industry forms a part is experiencing a system-wide reduction in both volumes and prices of energy resources.

Gemfields Unveils: Ruby Inspired Stories

Gemfields is proud to unveil ‘Ruby Inspired Stories’, a triptych of films featuring up-and-coming global female talent, each exploring the hidden meaning behind these captivating gemstones.

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

How the Brexit vote will affect the markets

The consequences will likely include a soaring dollar and a falling euro, market volatility and a slide in the prices of some commodities, but Maund has identified ways investors can profit from the chaos.

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits

The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.

Nichols: Bremain pullback in gold price a bargain opportunity

Polls showing a continuation of the status quo in Britain prompted a sell-off in gold this week, but the global economic backdrop remains good for gold.

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.

ALROSA announces new appointment

PJSC ALROSA has announced the appointment of Elena Gangalo as the Company Vice President.

Petra finds another massive diamond at its Cullinan mine

The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.

Nevsun shares tank after Reservoir accepts takeover

Vancouver-based Nevsun sweetened the deal for Reservoir shareholders with a $75 million cash payment just before the vote.

Scientists use potash mine to test feasibility of living in Mars

Studies underway at Boulby Underground Laboratory, the UK's deep underground science facility, include the analyses of cosmic rays and climate, as well as astrobiology and life in extreme environments.

Glencore to sell option in Canadian gold mine

While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.

Alrosa unearths 241.21-carat diamond, one of largest ever found in Russia

The rock was found at its Nyurbinsky open-pit mine, in operations since 2001.

KIC InnoEnergy invests an additional EUR 1 million in Minesto

KIC InnoEnergy, the European company for innovation, business creation and education in the field of sustainable energy, is expanding its involvement in Minesto, a leading developer of renewable energy from slow ocean and tidal currents.

ALROSA prepares vehicles for the development of Verkhne-Munskoe deposit

PJSC ALROSA, the world leader in diamond mining, has announced that new motor vehicles were accepted into service in the run-up to the development of Verkhne-Munskoe deposit.