Europe Mining News

Plans underway for world's biggest offshore diamond mining vessel

Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.

'Explorer of the Year' recipient convincingly updates resource in a booming zinc market

The Critical Investor profiles a company exploring a high-grade zinc property, and explains why he believes the upcoming PEA could surprise markets.

Brazil's Vale denies postponing sale of New Caledonia mine stake

Brazil's Vale SA denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Top Glencore executive quits Katanga board after accounting lapse

Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

French researchers unearth largest stash of Medieval silver coins ever found

They are puzzled by the finding of 21 Islamic gold dinars at an abbey in eastern France.

Vale delays sale of stake in New Caledonia nickel mine

The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.

Hedge fund bet on Glencore backfires with $100m loss

London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.

Cobalt hedging not mining the route for VW in EV drive, official says

"Hedging by means of long-term (supplier) contracts is [] way to control such new issues (of securing materials supplies)," says VW head of sustainability.

Canada says coal not coming back, US and Germany differ

Nearly 20 countries have joined a British-Canadian initiative to phase out coal from power generation before 2030.

Fresnillo jumps after HBSC upgrades rating to 'buy'

HSBC referred to the company as a “sector leader at a discount”.

What people think of globalization, by country

More than in the past, the population is divided on whether globalization is a force for good or not.

Glencore, Canadian teachers close to launch mining royalty firm

The Swiss commodity giant is reportedly finalizing a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty vehicle.

Polish copper producer KGHM cuts 2017 investment and output targets

The state-run firm also said that this year's output of electrolytic copper from its own concentrates will be 35,000 tonnes than the planned 401,000 tonnes due to an accident at its smelter.

Giant diamond sells for $33.7 million

Mounted in a diamond and emerald necklace, the white, matchbox-size rock was acquired by an unidentified buyer.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Here's what to expect in terms of Eldorado Gold exploration projects

Canadian gold miner provides an update on exploration activities completed to date in 2017.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

French energy company’s shares sink on falling demand and nuclear outages

EDF has been experiencing delays in restarting some of its nuclear reactors.

Mayor organizes massive protest against Berkeley's uranium mine in Spain

The leader of the Villavieja de Yeltes municipality is planning to rent buses so that people can attend the rally.

Finnish nickel producer, Trafigura tap electric vehicle boom

Trafigura Group provides $200m in funding to Finland's Terrafame nickel mine, which plans to start producing material for electric vehicle batteries by 2020.

Eldorado halts investment in Greece’s Skouries project, sues Gov't

Miner said it would the project back into "care and maintenance" and re-assess its investment in it upon approval and receipt of required permits.

Atlas Copco receives first order of Mobile Miner 40V from Hecla Mining Company, USA

After successful joint R&D efforts between Atlas Copco and Hecla Mining Company, the first order of Mobile Miner 40V was recently received. The machine will be delivered to the Lucky Friday mine in Idaho, USA.

Copper traders are making high-flying bets about the future of the metal

Call options wagering on copper climbing above $10,000 a metric ton by Dec 2018 have started trading during past two weeks, with $4.5m spent by traders.

Alrosa finds three large diamonds at prolific Jubilee pipe

The large rough, gem-quality stones range from 82 to 163 carats.