Europe Mining News

EUR/JPY exchange rate and gold

Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.

Cobalt 27 aims to tap electric car revolution with $150m IPO

Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.

Peter Hambro ousted from his gold mining company Petropavlovsk

New appointments include Russian billionaire

Goldcorp partners with FLSmidth to eliminate conventional slurry tailings dams

FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal.

Metso invests in growth: The assembly capacity of Lokotrack crushing plants in Tampere is to be enhanced

The capacity of Metso's Tampere factories will be increased and occupational safety improved with the new production line for Lokotrack mobile crushing plants. The investment of approximately one million euros will significantly shorten the delivery times of equipment models put into line assembly production.

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

De Beers diamond sales up 1.5%

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

Alrosa finds 62.75-carat diamond at prolific Jubilee pipe

The miner's Jubilee pipe is famous for its large finds.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

Nickel production to grow for first time since 2013 — report

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

DMCC and ALROSA extend cooperation in Moscow meeting

World leading diamond mining company looks to grow with DMCC and Dubai

De Beers sends world’s top diamond-searching ship to explore off coast of Namibia

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.

Gemfields beats own ruby sales record at Singapore auction

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

China's Fosun spices up battle for Gemfields with 10% bid premium

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

De Beers to host first auction for third-party exceptional polished diamonds

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.

Weir Group expands into Asia with Singapore firm acquisition

Move seeks strengthening the firm’s position as energy markets recover.

Mining the future

Positive response to the 14th MiningForum in Berlin

K+S Bethune mine in Canada churns out first tonnes of potash

The mine, which began operations last month, is expected to produce 600,000 to 700,000 tonnes of potash this year and 2 million tonnes per year once at full capacity.

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

World’s first International Centre of Excellence on Coal Mine Methane opened in Poland

The expert institution operating under the auspices of the United Nations Economic Commission for Europe will contribute to the development of new methods of capturing and use of methane as a valuable energy source.

Greece to take Eldorado Gold to arbitration court over project

Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.

ALROSA’s revenue from diamond sales up 33% up to $472.1 million

ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.

EU regulation on responsible mining will be ineffective

The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.

Atlas Copco bets big on automation, grabs stake in software maker

The Swedish mining equipment maker is acquiring a 34% stake in Mobilaris MCE, which provides software to optimize underground operations.