Europe Mining News

GE nears sale of its industrial unit to ABB

The companies are likely to announce an agreement by next week.

Central Asia Metals to buy Lynx Resources for $402m

The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

Anglo’s plan to further expand vast iron ore mine in Brazil hits roadblock

Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.

Alrosa finds gigantic pink diamond, likely its most expensive one

Alrosa is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.

Eldorado defers decision to halt operations in Greece as talks with Gov’t begin

Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

De Beers partners with UN to empower women in its diamond producing countries

It will invest US$3 million to advance the prospects of women and girls by addressing key priority areas.

Stellar Diamonds seeks to fund first post-Ebola mine in Sierra Leone

The operation would be second biggest diamond mine in Sierra Leone.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

Liebherr supplies a bearing for the world's largest compact bucket wheel excavator

The group's Components Division has produced the largest non-segmented large diameter bearing ever manufactured by Liebherr. The roller bearing slewing ring is intended for use in a compact bucket wheel excavator.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Gem Diamonds finds another huge diamond at Lesotho mine

Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.

Electric London cabs spur reopening of UK aluminium plant

Norsk Hydro is reopening a British plant in Wales to supply material for the country's first electric vehicle factory.

Botswana seeks option to buy unusually big diamonds from its mines

Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.

Rio Tinto's chief financial officer Chris Lynch to retire in 2018

He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.

Evolving role and perception of women in society creating new sources of diamond jewellery demand

New research published today by De Beers Group in its latest Diamond Insight Report reveals that shifting relationship dynamics, women’s expanding roles in society and changing perceptions of femininity are creating new motivations for diamond jewellery acquisitions.

Greece kicks off arbitration process over Eldorado Gold’s projects

Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.

Intelligent Sandvik DS422i cable bolter improves productivity, safety and process control

Combining more than three decades of mechanized cable bolting engineering, the cutting edge Sandvik DS422i cable bolter is designed to enable better process control through assistive and automatic technologies and connectivity

Ingr expands in China with extension of Soo Kee Group Grading partnership

The International Institute of Diamond Grading & Research has announced it is expanding its existing grading partnership with Soo Kee Group into China, following the launch of Soo Kee’s bridal specialist brand, Love & Co., in the country.

Greece grants permits for Eldorado after miners clash with police

The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.

De Beers to provide retailers with increased synthetic detection confidence

The International Institute of Diamond Grading & Research, a De Beers Group company, has announced that the industry’s first synthetic screening device for set jewellery,

Eldorado Gold to halt all operations in Greece

Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.

China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

Deal boosts energy cooperation between Moscow and Beijing.

Russia's Gokhran has bought only gold this year

Gokhran, part of Russia's finance ministry, was influential on the global platinum group metals markets in the 1990s and 2000s, when palladium stocks it accumulated during the 1970s and 1980s came to the market and depressed prices.