Europe

Airborne Laser Mapping Reveals First World War Trenches in Derbyshire, England

Bluesky | October 24, 2014
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High resolution laser scanned height models may have revealed previously unrecorded First World War practice trenches. The LiDAR (Light Detection and Ranging) laser data, captured by aerial mapping company Bluesky, was commissioned by the Coal Authority as part of their research and development programme, which is looking at alternative ways to inspect mine entries in remote and rural areas.

Potash Corp remains confident of market outlook despite weak prices

Cecilia Jamasmie | October 24, 2014
Potash Corp remains confident of market outlook despite weak prices

The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.

Iron ore and rare earth metals mining: an industry under siege?

The Guardian | October 24, 2014

Resource scarcity and human rights issues surrounding metals extraction, coupled with unrelenting global demand mean the industry is facing some tough realities.

Golden opportunity divides town in rural Spanish city

El Pais | October 24, 2014
mina-no

The dispute dates back four years. Some locals still refuse to use certain shops in the village because their owner has taken one side or another regarding a proposal by Canadian company Asturgold to mine one of Europe’s last major gold reserves.

The Swiss gold vote: should investors worry?

Wall Street Journal Online | October 23, 2014

Should the Swiss National Bank SNBN.EB -0.37% buy gold? Lots and lots of gold? The country’s electorate goes to the polls on Nov. 30 to decide.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

Caterpillar posts strong results despite poor mining sales

Cecilia Jamasmie | October 23, 2014
Caterpillar posts strong results despite poor mining sales

The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.

Caterpillar global sales down 10% in September

Cecilia Jamasmie | October 22, 2014
Caterpillar global sales down 10% in September

The equipment maker is scheduled to report third-quarter earnings Thursday.

African Minerals founder to buy broke London Mining's Sierra Leone assets

Cecilia Jamasmie | October 22, 2014
African Minerals founder to buy broke London Mining's Sierra Leone assets

Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

Euromax Resources announces US$175 million gold streaming agreement with Royal Gold

Euromax Resources | October 21, 2014

Euromax Resources has entered into a $175 million deal ith RGLD Gold, to finance the next stages of development and construction of the company's Ilovitza copper-gold project in the Macedonia.

WDMF and Turkish Jewellery Exporters Association sign MoU, launch World Diamond Magazine at Istanbul Jewellery Show

World Diamond Mark | October 21, 2014
MoUthumb

"In practical terms, this means that the WDM's first pilot programme for accredited retail members, i.e. Authorized Diamond Dealers (ADDs) will begin in Turkey, one of the most exciting, and rapidly growing luxury product consumer markets..

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Russian diamond giant Alrosa Q3 output falls

Cecilia Jamasmie | October 20, 2014
Russian diamond giant Alrosa Q3 output falls

The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.

China sets tougher restrictions on illegal mining, exporting of rare earths

Cecilia Jamasmie | October 20, 2014
China sets tougher restrictions on illegal mining, exporting of rare earths

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

Polish coal miner slashes production forecast amid restructuring

Cecilia Jamasmie | October 20, 2014
Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

One of these five companies will run the gold fix

Cecilia Jamasmie | October 20, 2014
One of these five companies will run the gold fix

Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Copper price below $3 as mines add a million tonnes

Frik Els | October 16, 2014
Copper price below $3 as mines add 1 million tonnes

Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Switzerland’s central bank calls to thwart gold vote

Cecilia Jamasmie | October 15, 2014
Switzerland’s central bank calls to thwart gold vote

The initiative seeks to force the SNB to keep at least 20% of its assets in the metal and repatriate gold reserves held abroad.

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

Chinese banks go after silver and gold fix

Cecilia Jamasmie | October 14, 2014
Chinese banks go after silver and gold fix

Since it first debuted in August, only five participants have signed up to the price setting process.

Court orders Centerra to halt trade of shares owned by Kyrgyz gov't

Cecilia Jamasmie | October 14, 2014
Court orders Centerra to halt trade of shares owned by Kyrgyz gov't

The injunction was sought by Stans Energy.

$1M worth of Viking treasures unearthed in Scotland

Cecilia Jamasmie | October 14, 2014
$1M worth of Viking treasures unearthed in Scotland

More than 100 objects, including solid gold jewellery, arm bands and silver ingots are part of the trove, one of the largest discoveries of Viking treasure in Scotland.

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