Europe Mining News

Ellerby Energy & Resources (EENRES) Partners with Beth Allen, Ladies European Tour Number One, to Launch a New Energy and Resources Company in Dubai, the City of Gold

Ellerby Energy & Resources, LLC. (EENRES) is pleased to announce its sponsorship with Beth Allen, currently the No. 1-ranked golfer on the Ladies European Tour, for the upcoming OMEGA Dubai Ladies Masters.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Scandinavian Biopower to invest in a biocoal plant in Mikkeli Finland – construction works to start late 2017

Scandinavian Biopower Oy, a 100% subsidiary of Dutch private equity investment company Momentum Capital, has made an investment decision to commission a biocoal plant in Mikkeli, Finland.

Canadian mining company in London targeted by protesters over EU-Canada trade deal

Last night activists obliterated the words ‘democracy’, ‘environment’ and ‘justice’ with gold spray paint outside the offices of a Canadian mining company, in a protest designed to draw attention to the corporate court system being proposed under the EU-Canada trade deal, CETA.

Frantic search for 4 missing miners in Poland after cave-in

Rescuers were searching for four missing miners in southwestern Poland on Wednesday after an earth tremor caused rockfalls deep underground in a copper mine owned by KGHM.

Horizonte to raise $11.2M to fund Brazil's next major nickel mine

Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.

Massive 3,000-year-old Celtic gold belt found in British farmer’s field

The torc is one of the largest and most spectacular ever discovered in England.

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

MICROMINE will showcase its range of mining solutions at Mines and Money 2016

MICROMINE’s specialists will be showcasing our entire suite of solutions which includes a preview of the soon to be released Geobank 2017, the latest version of our secure data management solution, as well as Micromine 2016 which was released in May this year and Pitram, our leading fleet management and mine control solution.

Anglo's Los Bronces mine in Chile to remain shut until safe to resume work

Decision follows a fresh attack by hooded protesters who seized installations over the weekend.

Billion-pound cash infusion clears path for UK potash mine

The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.

Death toll rises on Turkish mine cave-in as BBC journalist detained

It appears the Turkish government is attempting to suppress criticism of a mine disaster last weekend that killed 12 miners and left four still missing.

Immersive Technologies in Russia – Driving Results at Phosagro’s Apatit Underground Mine

Phosagro chose for its operators to be trained on an IM360 Advanced Equipment Simulator. Apatit is the world’s largest producer of high-grade phosphate ore and Russia’s only producer of nepheline concentrate.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Finland to ban coal use for energy by 2030

Coal use has been steadily falling in the European nation since 2011 and it currently generates barely 8% of its power needs.

French man finds $3.7M worth of gold in his new house

An estimated 220 pounds (100 kg) of the precious metal was located all around the home, including 5,000 gold pieces, two 26-pound bars and 37 smaller bars weighing two-pounds each.

Barrick Gold, IAMGOLD, Gold Fields, Avalon, and Antofagasta recognized for their leadership in renewables at Energy and Mines Renewables and Mining Awards

Mining companies were awarded and celebrated last night for their investments in renewable energy at a glittering awards gala and dinner in Toronto.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

Polemic around Canadian firm’s gold project in Ireland heats up

Locals oppose to the Dalradian Resources' plans to build a processing plant at its Curraghinalt project, which will use cyanide to extract gold.

Eldorado Gold officially out of China

Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.

Canada to fully phase out coal power by 2030

Gov’t will work with the four provinces that still burn coal to reach the goal of making sure 90% of Canada's electricity comes from sustainable sources by 2010.