Europe Mining News

Zinc prices hit decade-high on shrinking Chinese stockpiles

Metal traded above $3,000 per tonne on the LME for the first time since November 2007.

Search for four missing workers trapped at Russia's Alrosa mine fails

Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.

UK lithium start-up gets $1.3 million to build new mine in Cornwall

Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.

Alrosa to keep 2017 output target unchanged despite Mir accident

The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.

Stellar Diamonds extends sale of Guinea assets, refinances loan

The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.

Ancient coins show how empire shifted from Carthage to Rome

A study of Roman coins has shown how the defeat of Hannibal and the Carthaginian empire led to coinage spreading across the Roman Empire from silver mines in Spain.

Coal mine shuts down in Spain due to lack of clients

La Escondida was the last project of its type in the Castilla and León region

Glencore secures leases for Wandoan coal project, environmentalists react

The Anglo–Swiss multinational secured the first mining leases for its $7 billion Wandoan coal project in Queensland’s Surat Basin

Gold could be used in cancer treatment, researchers say

Tiny flecks of gold could be used in the fight against cancer

Mining industry can now predict opposition to projects before it's too late

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.

Michelangelo's unrealised marble dream comes true in Italian quarry

In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.

Lucara Diamond lowers output target for the year, but pays divvy

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

Russia's Alrosa searching for 16 miners missing after accident

A total of 102 miners have been brought to the surface and another 33 miners have been located in the mine in Yakutia in eastern Siberia and are being evacuated.

Greece to kick off arbitration process over Eldorado Gold’s project

Authorities seek to settle differences with the Canadian miner over Skouries, one of the gold projects the firm is currently developing in northern Greece.

Antofagasta opening exploration office in Peru by year-end

Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.

The key to confidence in the diamond sector

De Beers says it sets the bar very high for its technology and expects that each instrument it releases is tested to the highest possible standards, while also being fast, efficient and affordable.

De Beers Group announces new appointments to Executive Committee

De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect.

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Caterpillar in search of new CFO as Halverson to retire next year

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

Alrosa unveils first unique Russian collection of diamonds

Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.

India's biggest holiday boosts De Beers rough diamond sales

The diamond giant said customers began buying rough diamond earlier than usual so they can complete their polishing before Diwali begins.

LBMA shines a light on the gold in London's vaults

This is the first time the London Bullion Market Association makes such data public.

Glencore acquires half of former Rio coal mine in Australia

The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley

Alternative fuel system for Kiln Riser Duct firing at CRH Slovakia

In 2017 A TEC and CRH Slovakia have installed an alternative fuel system for kiln riser duct firing in Turna Nad Bodvou, Slovakia.

Fresnillo silver, gold output jump on San Julian ramp up, higher ores

For the three months to June 30, silver production totalled 14.5 million ounces, a 12% rise from last year, while gold output was 223,000 ounces, up 2.7% from a year earlier.