Europe Mining News

Mongolia posts 6.9% economic growth in 2018

Coal and copper generate almost 70% of Mongolia's total export revenues and most of its mining output is sold to neighboring China.

EU starts investigation into Chinese steel wheel imports

The investigation could lead to provisional duties being applied within nine months and definitive duties, typically in place for five years, in 15 months.

Centamin sees mineral resources more than doubling in Côte d’Ivoire

The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.

Norway gives go-ahead to disputed Arctic copper mine

Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.

Boliden Q4 core profit ahead of expectations, total dividend below

The company proposed a total shareholder payout of 13 crowns per share, composed of an ordinary dividend of 8.75 crowns and an extra payment of 4.25 crowns through an automatic share redemption.

Russia says its gold output rose to 314 tonnes in 2018

In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.

Kamaz trucks now have computer vision eyes

Vist Group launched a robotized towing truck project together with Nazarbayev University and Russian truck maker Kamaz.

Alrosa exhibits largest pink diamond ever found in Russia

The Russian miner sees encouraging prospects from colourful diamonds, market in which it aims to become the world’s leader.

FLSmidth completes IMP buyout

The company said the acquisition is key to help miners in its portfolio know the ore characteristics within their mines.

Russia's central bank to pay less for domestic gold from May

Russia has overtaken China to become the world's fifth largest state holder of gold.

As Maduro digs in, his aides hunt for emergency escape route

Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?

As ice melts, Greenland could become big sand exporter – study

Worldwide demand for sand totalled about 9.55 billion tonnes in 2017 with a market value of $99.5 billion and is projected to reach almost $481 billion in 2100.

Italian populists target huge gold reserves and some cry foul

The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government.

Russia's Polyus reports jump in profit on rising gold sales

The country's largest gold producer reported a 20% jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.

Nanosized diamond used to create super strong aluminum alloy

The resulting material is expected to be used in the maritime industry.

Global aluminium market to remain undersupplied over coming years — report

While there are deficits ahead, the global aluminium demand picture will improve.

Osisko Mining owns the world's best drill intersection of 2019

Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.

Steelmaker Voestalpine tones down expectations after Q3 loss

The European steel sector is navigating choppy waters as the car industry is slowing and pressure on oil prices has dampened demand from the oil equipment industry.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

Russia's MMK says 2019 output volumes will remain flat

MMK expects healthy output volumes, and that the asset will not remain loss-making in 2019.

Norsk Hydro's Q4 hit by restricted Brazil output, shares hit 2-year low

"A prolonged embargo will have negative impact on earnings, cash flow and sentiment."

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

The company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.

Russia’s Nordgold to invest over $360m in Guinea mine

The Russian gold producer has received a 15-year mining permit for its Lefa mine.

GE to support the digitalization of ArcelorMittal’s steel plant in Belgium

"Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year”

Arconic Chairman John Plant takes additional role of CEO

Plant previously served as the CEO of auto parts maker TRW Automotive from 2003 to 2015.