Europe Mining News and Commentary

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

Frik Els | February 21, 2012

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

Who’re you calling dirty? Canada says would take Europe to WTO over oil sands

Frik Els | February 20, 2012

Canada is upset about an EU energy panel’s plans for a green ranking of fuels that would rank Alberta’s heavy oil as the globe’s most polluting and effectively ban the import of oil sands crude into the bloc.
Gold falls, ending the week flat

NineMSN Finance | February 19, 2012

Gold futures edged lower Friday, ending flat on the week, as drawn-out bailout talks in Greece frayed investor nerves and some traders trimmed their holdings ahead of a three-day break in the US.
HK exchange named in latest LME takeover bid

Today Online | February 19, 2012

Hong Kong Exchanges & Clearing has reportedly bid for the London Metal Exchange in an attempt to diversify into commodities trading.
Just how tricky is the Greek bond deal?

Michael Allan McCrae | February 17, 2012

To avoid Greece defaulting and exiting the Euro, European Central Bank officials have been trying to square a circle. They are funding a bankrupt country, avoiding expansionary monetary policy that the Germans hate and trying to avoid crippling haircuts to holders of Greek debt.
Will gold cleanse the world from dirty fiat currencies?

Wall St. Cheat Sheet | February 16, 2012

On Wednesday, precious metal prices climbed higher as European finance officials considered delaying parts or even all of a second bailout package for Greece.
METALS-Copper hits two-week low as Greece delay sours mood

Reuters Africa | February 16, 2012

Copper hit a two-week trough on Thursday, having lost ground for the last four sessions, after signs of a delay to a bailout for Greece soured sentiment and put the euro on the defensive against the dollar.
Vale profits fall 21% after bending to Chinese steelmakers

MINING.com News | February 16, 2012

Vale is the world’s largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter last year.
Takeovers the Path to Golden Returns: Sascha Opel

The Gold Report | February 15, 2012

Sascha Opel, publisher of one of Germany’s most popular commodity newsletters, looks at the economy with rose-colored glasses. He sees the end of the Euro crisis and sees Asian growth as the engine pulling the world out of its economic …
Everyone wants a piece of Northland

Frik Els | February 15, 2012

The company, advancing iron ore projects in Sweden and Finland, decided to increase the size of the equity offering announced earlier in February due to “high demand” . Together with a fully subscribed bond offering the company is now raising close to $700 million.
Martin Engineering holds conveyor symposium in Antalya

International Mining | February 15, 2012

Global provider of mining conveyor solutions, Martin Engineering, has completed a Conveyor Safety and Productivity Symposium in Antalya, Turkey, introducing strategies and innovations for improving safety practices while enhancing profitability. More than 40 management and supervisory personnel attended the event, representing a wide range of industries, including aggregates/cement, mining, coal/power, steel production and dry bulk handling.
Centerra Gold punished as Kumtor strike enters second week

Frik Els | February 14, 2012

Centerra Gold announced on Tuesday that employees at its massive Kumtor operation in the Kyrgyzstan remain on strike, sending its shares down as much as 3.5%.
Golden Touch Resources Corp.: Nine New Gold Bearing Outcrops With Grades to 4.07 Grams/Tonne Found Within the Rubik Gold Project Area (PEL 1124)

Marketwire - Mining and Metals | February 14, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 14, 2012) – Golden Touch Resources Corp. (“Golden Touch” or the “Company”) (TSX VENTURE:GOT)(FRANKFURT:0GT) is pleased to announce that nine new outcrops of anomalous gold mineralisation with…
Avrupa acquires porphyry copper gold target exploration license in Kosovo

MINING.com News | February 14, 2012

Avrupa Minerals Ltd. (TSX VENTURE:AVU) on Tuesday announced the acquisition of the Koritnik porphyry Cu-Au exploration license in southern Kosovo.
Sandvik outlines new research on improving roadheader automation

International Mining | February 14, 2012

Sandvik Mining, whose parent company spent ZAR3.5 billion in research and development in the 2011 financial year, has been undertaking intensive research in partnership with RAG-Deutsche Steinkohle, Germany’s largest coal mining company, aimed at improving automation processes of face mining machines using the Sandvik MR620 roadheader as the coal face model. Sandvik has compiled a report on the progress of the research with the focus on profile definition and the automatic cutting cycle.
Iran sanctions: Trade with number 6 iron ore exporter heading to zero

Frik Els | February 13, 2012

Although some Asian firms have found creative ways of doing business with Iran, European iron ore traders and shipping companies are shying away completely from transacting with the country as US-led sanctions start to have an impact.

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