Europe Mining News

ALROSA President pays a working visit to India

ALROSA's management, headed by the President Andrey Zharkov, paid a working visit to Mumbai and Surat (India). The Company representatives visited the Special Notified Zone (SNZ) that was opened last year at Bharat Diamond Bourse.The […]

Leakage at Anglo American’s Los Bronces mine forces firm to halt grinding

Firms says the affected pipe only carries ground ore mixed with water.

Randgold raises dividend despite profit slump

The firm also said it would continue to invest in exploration, which remains the engine that drives its business.

Alecto Minerals strikes JV deal with Randgold for Mali project

Once deal is completed, Randgold would fund all costs, including the completion of a pre-feasibility study on over the former's Kossanto West Gold Project in Western Mali.

Three-way claim between UK, India and Pakistan set for Koh-i-Noor diamond

Pakistani court agrees to hear claim for diamond from Crown Jewels, once the world’s largest known diamond.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

Eeva Sipilä appointed Metso's CFO

Metso Corporation's stock exchange release on February 3, 2016 at 2.30 EET

New electrolysis project makes power-to-gas commercially viable

Researchers and engineers reduce costs of hydrogen production through technology transfer from automotive industry and advance the energy transition

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Gold hits fresh three-month high amid oil selloff

The precious metal has become the best performing commodity of the year and one of the very few to post a sizable gain in 2016.

Oil price crash: markets slump as Opec resists Russian calls for emergency meeting

Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.

The silver fix may have its days numbered

The benchmark has settled outside the same day’s spot trading range, at least 10 times in the last six months.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

Despite De Beers and Rio's efforts, global diamond output to jump 1.3% this year

The miners concerted effort to limit global diamond supply is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond and Petra Diamonds.

World's top 10 rookie gold mines

These high-grade mines will soon start competing with gold mining's industry leaders.

Nothing tiny about this new Lego bucket wheel excavator

It is made out of almost 4,000 pieces and includes fully-motorized features.

International court orders bankrupt MMX to pay $7 million to Outotec

Ruling puts and end to dispute dating back to 2013.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Russia’s Alrosa quarterly sales up 45%

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.

Australia, Germany, Japan at high environmental risk due to reliance on coal — report

The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.

Germany brings more gold back home

In 2015, the country’s central bank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults.

Antofagasta to lift copper output in 2016 after missing last year's target

The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.