Europe Mining News

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

Poland halts Nazi ‘gold train’ hunt sooner than expected

A new timetable for the search is expected to be unveiled on Friday, at a news conference called by the digging team.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Brexit may hamper Britain’s plans to abandon coal

Expert says coal-fired generation may remain a key part of Britain's energy supply for longer than planned.

Eldorado announces new exploration projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce plans at four new exploration projects.

Ashanti, Alecto to jointly develop Mali gold project

The proposed partnership will help the firms realize the full potential of Kossanto East, which currently has a JORC-compliant resource of 247,000 ounces of gold.

Stellar Diamonds to ink deal that would create Sierra Leone’s second largest mine

The diamond producer plans to combine its Tongo mine with Octea Mining’s adjacent Tonguma operation.

Rio Tinto walks away from India Bunder diamond project

The project, discovered in 2004, was expected to generate about 30,000 jobs and produce up to 3 million carats a year.

This just found bead may be the world's oldest gold artifact

It's is supposed to be 200 years older than jewellery from a Copper Age also found in Bulgaria 44 years ago.

Moody’s has just called the bottom of the commodities rout

The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

Earth Alive signs exclusive multi-year distribution agreement with Brenntag Canada for its EA1 microbial technology

EA1 is a 100% organic and biodegradable product that uses the latest advances in microbial technology to control soil born dust emanations.

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

ALROSA joins the Responsible Jewellery Council

The Responsible Jewellery Council is an international not-for-profit organization, which focuses on enhancing consumer confidence in the jewellery industry and promoting of responsible business practices.

Glencore tries to enforce its rights in Bolivia

Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.

Hedge funds up bullish platinum, palladium bets near record

Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.

Nazi ‘gold train’ hunt in Poland is back on

About a year after two treasure hunters claimed to have found a Nazi train in Poland, laden with gold and gems, a team of 35 researchers has resumed digging for it.

Metso inks key deal with world's largest copper miner Codelco

To support the conversion of Chuquicamata, the largest open-pit copper mine in the world, to a large-scale underground mining operation.

Diamond giant Alrosa unearths 136.24-carat rock

Currently unnamed, the stone is one of the largest diamonds ever recovered at the Nyurbinskaya open-pit mine.

Chile’s Codelco may slash copper output as it further cuts costs to the bone

The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.

$60 iron ore price see Australia, Brazil lose market share

Report shows higher ore prices have encouraged the likes of Iran, Russia and Mongolia to increase shipments to China at faster pace than dominant players.

Historic Cornwall tin mine could re-open in 2018

Vancouver junior will start environmental work in September at South Crofty mine in south-west England where mining dates back to the Bronze age.

UK Royal Mint sees major gold rush in wake of interest rate cut

Transactions on the Mint’s bullion website increased by 25% during the first week of August and there was a 50% weekly jump in sales of gold bars and coins after August 4.

US solar industry hailed as ‘light at end of tunnel’ for jobless coal miners

Study argues it would be cheap and simple to retrain coal workers for solar jobs.